Delta Community Credit Union - Cumming, GA

445 Peachtree Parkway, Cumming, GA, 30041, US

Asset Description

Jones Lang LaSalle Americas, Inc. (“JLL”) is pleased to offer the opportunity to acquire the fee simple interest in the Delta Community Credit Union (DCCU) located at 445 Peachtree Parkway in Cumming, Georgia (“Property” or “Asset”). DCCU is operating on an absolute NNN lease with ±7.7 years of primary lease term remaining, 10.0% rent escalations every 5-years, four, five-year renewal options and zero landlord responsibilities.

Located just 39 miles from downtown Atlanta in Forsyth County, Cumming has witnessed exponential growth turning into the next sought-after hotspot. As one of Atlanta’s most affluent submarkets, Forsyth is expected to have one of the highest population growth rates in the Atlanta MSA over the next five years.

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Attributes

Asking price

CN¥24,290,000

Cap rate

6.75%

NOI

CN¥1,640,000

WAULT

7.7 years

Building area net

522 m²

Media

Investment Highlights

Operating on an absolute NNN lease with ±7.7 years of primary lease term remaining and 10% rent bumps every 5-years
Adjacent to the Collection at Forsyth, a top 3% most visited shopping center in GA & the U.S.
Delta Community Credit Union is the largest credit union in Georgia and among the 35 largest credit unions in the country
#1 highest population growth rate in Atlanta MSA over next 5 years
Strong demand characteristics driven by 3-mile AHHI of $184K
Adjacent to Forsyth County's first Whole Foods development