5420 MATT HWY
📍 5420 Matt Hwy, Cumming, GA 30028 | 12.5+ AC | Commercial Land
Rental Rate: Upon Request (Lease Term: Negotiable)
Executive Summary
12.5+ acre, large-scale development opportunity positioned directly across from a performing, low-competition Publix-anchored center. The site’s scale and zoning flexibility support major retail, wellness, medical office, neighborhood mixed-use and community-scale users. Frontage along recently widened State Route 369 (Matt Hwy) and immediate access to GA-400 via the new full interchange at Exit 18 deliver high visibility, strong traffic, and seamless regional connectivity. Surging population growth, top-tier demographics, and limited competing entitled sites create a rare platform for destination retail, QSR pads, medical, and services.
Market & Development Drivers
Explosive Population Momentum
- Forsyth County added +2.7% population in 2023 (now ±260,000 residents) with a median household income of ±$138,000—the highest in Georgia outside the core metro.
- Long-range forecasts call for a 79% surge in residents between 2020–2050—fuel that will double-down on daily traffic, rooftops, and spending power.
Top-Tier Demographics
- County-wide home values approach $494K, supporting strong disposable income for destination retail, dining, and services.
- Forsyth County Schools rank #3 in Georgia (A+ Niche rating), attracting continual family in-migration and stability.
Strategic Transportation Upgrades
- Sites front State Route 369 (Matt Hwy)—recently widened to four lanes—with a new full interchange at GA-400 (Exit 18).
- Bridge improvements finishing 2024–25 eliminate the former at-grade bottleneck and put the corridor ~35 minutes to Atlanta’s I-285.
Immediate Retail Demand Drivers
- Publix-anchored Matt Town Center (81,077 SF, delivered 2020) is directly across from two of the parcels—drawing daily traffic and co-tenants like Dunkin’, Domino’s, Subway, and Reveille Café.
- Nearby rooftops: ±3,000 homes approved or under construction within a 3-mile ring (post-2022 Forsyth permitting), translating to ±9,000 new residents over the next 24 months.
County-Wide Development Tailwinds
- Forsyth consistently ranks a Top-10 “Best County to Do Business” in Georgia; Forward Forsyth incentives have captured HQ relocations (e.g., Alimera Sciences to 370M Halcyon).
- County courting “The Gathering” ($2B mixed-use/NHL arena) projecting ~9,900 permanent jobs & ~$272M annual spend county-wide.
Flexible Zoning & Limited Supply
- West Forsyth is the last major green-field corridor inside the Atlanta MSA with County support for commercial, QSR, medical-office and neighborhood mixed-use along GA-369.
- Competing entitled sites are scarce; most frontage tracts are already under contract or built out.
Investment Highlights
Property Facts
- Total Space Available: 12.5+ AC
- Lot Size: 12.5+ AC
- Property Type: Land
- Property Subtype: Commercial
- Cross Streets: Banister
- Proposed Use: Major retail, wellness, medical office, QSR pads, neighborhood mixed-use
- Rental Rate: Upon Request
- Lease Term: Negotiable
- Zoning: Flexible Commercial (Verify)