1045 Chen Pky - Freestanding FOR SALE


Mcdonough, GA 30253
$2,105,000 USD
949-350-5431
1045 Chen Pky, Mcdonough, GA for Sale
$2,105,000 USD
Freestanding - FOR SALE
1/7
null | 4.75% Cap Rate

1045 Chen Pky
Mcdonough, GA 30253


HIGHLIGHTS

  • Brand New 15-Year Corporate Guaranteed Valvoline
  • Outparcel to New Costco-Anchored Shopping Center
  • Located on the Corner of a Signalized Intersection Across from a Brand New Sprouts-Anchored Center

OVERVIEW

--Brand New 15-Year Corporate Guaranteed Valvoline-- --Outparcel to New Costco-Anchored Shopping Center-- --Located on the Corner of a Signalized Intersection Across from a Brand New Sprouts-Anchored Center-- --Prime Retail Location-- -Located Near Interstate 75 with Traffic Counts Exceeding 167,000 Cars Per Day | I-75 is a Major Highway that Connects Miami to Detroit -Multiple Residential Developments Next Door Including The Levi Luxury Apartments which Consist of 660 Apartments/Townhomes and 66 Single Family Houses -Across from the #1 Visited Sprouts in the State of Georgia According to Placer.ai (Please Contact Agent for More Details) -The Subject Property is Part of a Brand-New Master Planned Development with a Number of Premium Retailers Including Whataburger, Chick-fil-A, Starbucks, Bank of the Ozarks, First Watch, Bubba’s 33, Costco, Chipotle, Hacienda Bar & Grill, Lush Nail Bar, and Many More --High Credit Tenant-- -Strong Corporate Guarantee: Absolute NNN Ground Lease Property with Zero Landlord Responsibilities – Ideal for Investors Not Local to the Market -Valvoline has Over 2,010 Locations in Operation | Corporate Guaranty from Investment Grade Tenant with Over $3.1 Billion in Revenue -Publicly Traded: The Tenant Is Listed (NYSE: VVV) with a Market Capitalization of $4.48 Billion -Scheduled 10% Rental Increases Every 5 Years Throughout the Initial Term and Options Provide for an Excellent Hedge Against Inflation -E-Commerce & Recession-Resilient: Valvoline Is Well-Suited to Thrive in Various Economic Conditions --Pride of Ownership Property in McDonough, GA-- -Dense, Infill Location with Over 102,000 Residents Within 5 Miles | Affluent Area with the Average Household Income Exceeding $94,000 Within 5 Miles -The Surrounding Area Benefits From a Very Low Unemployment Level of 2.62% -Access to Major Interstate Corridor with Easy Access to Downtown Atlanta Makes the Local Market an Industrial & Distribution Hub with ±8.8M Square Feet of Industrial Properties Broker of Record: John Leonard – 1100 Abernathy Road NE, Building 500, Suite 600, Atlanta, GA 30328 Phone: (678) 808-2700 | License: 252904

FOR SALE DETAILS

PRICE

$2,105,000 USD

PRICE/SF

$915 USD /SF

CAP RATE

4.75%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Valvoline | Corporate-Guaranteed Lease

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

ADD'L SUBTYPES

Auto Repair, Freestanding, Service Station

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2024

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

-

LAND SF

-

ZONING

-

APN/PARCEL ID

0053-01-018-001

ASK ABOUT THIS PROPERTY

Ron DuongMarcus & MillichapMore Info
949-350-5431

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.

Ron DuongMarcus & MillichapMore Info
949-350-5431

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.