Investment Overview

Marcus & Millichap is pleased to present for lease or for sale, a former SunTrust Bank located at 4386 Cobb Parkway N in Acworth, Cobb County, Georgia. The 4,880 SF facility is situated on a 1.62-acre parcel that is equidistant between two signalized corners along Cobb Parkway. The building was constructed in 2007 as a build-to-suit for SunTrust bank, and the tenant signed a 20-year NNN ground lease that commenced after construction was complete. In September of 2022, the tenant provided notice of its intent to vacate the premises and has since done so, despite the fact that nearly 4.5 more years remain on the lease term. The tenant is obligated to continue paying rent under the lease. The subject property is located along a main retail corridor with an abundance of national and retail tenants that assist in driving traffic to the location. McDonald’s, Mellow Mushroom, Dollar Tree, Bank of America, and Sherwin-Williams are all located in the immediate vicinity of the property. The subject property falls within the neighborhood retail commercial district, which provides a flexible range of uses (by right) including but not limited to: banks, full-service gas stations, carwashes, casual dining establishments, quick service restaurants, professional offices and self-storage (see page 6). Additionally, medical and dental offices are permitted under special exemptions. This is an ideal opportunity for the opportunistic investor to add value by re-tenanting or re-positioning the facility. Additionally, it is also a great opportunity for the end-user who wishes to cover a portion of the expenses related to buildout with the remaining in-place income.