108 Canton Hwy - Hamilton State Bank $4,500,000

Building SQFT
8,354
Lot Acres
1.43
Year Built
2008
Listing Status
Net Lease
Name Location Type Distance

SOLD: 09/28/2020 $4,247,250

Webb Properties, Inc. is pleased to exclusively offer a 8,354 square-foot custom designed and quality constructed freestanding State of the Art Bank Branch situated on 1.43 acres in the heart of downtown Cumming, GA. The city of Cumming, one of Atlanta's MSA premier bedroom communities, is located 40 miles northeast of Buckhead's Central Business District straight up GA 400 (Atlanta MSA = Population 5,764,950). Built in 2008, the original lease was a 20-year term and there are 8.5 years remaining. The rent increases 2.5% per year with minimum landlord maintenance required. The property is ideally positioned on Canton Highway, GA 20 (Traffic count 15,640 vpd). One of the area's primary arteries, in the heart of Downtown Cumming. It is two blocks from the Forsyth County Government Complex, a brand new $80M, 335,000 square foot Courthouse. Also just down the street from a Tyson Foods processing plant that employs over 1,200 people. The property is also located 1.2 miles from access to Georgia 400 and 2.7 miles west of Lake Lanier, which is one of the State's largest lakes that attracts over 7.5 million visitors per year. The location was also strategically selected because of its position within a major retail, commercial and residential corridor. Within 3 miles of the property, there are approximately 4.1 MSF of retail, 1.8 MSF of industrial, 1.6 MSF of office, and a population of 31,475, which is growing at 1.7% per year. Other major retailers with a presence in the immediate area include: Ingles, O'reilly Auto Parts, Advance Auto Parts, Sherwin-Williams, Carmike Cinemas, Wells Fargo, Bank of America, BB&T, Dollar General, Zaxby's, Dairy Queen, Hardee's Domino's Pizza, Sunoco, Shell, Exxon, Texaco, AT&T, metroPCS, TitleMax, Just Brakes, Anytime Fitness and United States Post Office.

The property is aggressively priced at 8.00% capitalization rate average throughought the initial lease term. The rent has a 2.5% annual increase on each February 1. The net lease is paid by Ameris Bank through a guarantee, Hamilton State Bank. The lease will be up for renewal or termination on February 1, 2028. The lease has (3) three (5) year renewal options.


Property Type
108 Canton Highway
Cumming, Georgia 30040
County: Forsyth
Sale Type: Sold
Category: SOLD
William Hancock
Webb Properties, Inc

P: 229-883-6502
M: 229-347-4668
Contact Agent
Building SQFT
8,354
Lot Acres
1.43
Listing Status
Net Lease
Expected Income
$328,824
Year Built
2008
108 Canton Highway
Cumming, Georgia 30040
County: Forsyth
Sale Type: Sold
Category: SOLD
William Hancock
Webb Properties, Inc

P: 229-883-6502
M: 229-347-4668
Contact Agent

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108 Canton Highway
Cumming, Georgia 30040
County: Forsyth
Sale Type: Sold
Category: SOLD
William Hancock
Webb Properties, Inc

P: 229-883-6502
M: 229-347-4668
Contact Agent
108 Canton Hwy - Hamilton State Bank

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