3817 S Cobb Dr SE - Auto Dealership FOR SALE


Smyrna, GA 30080- Near-In Cobb | 
$3,400,000 USD
404-812-8925
3817 S Cobb Dr SE, Smyrna, GA for Sale
$3,400,000 USD
Auto Dealership - FOR SALE
1/8
null | 5.12% Cap Rate

3817 S Cobb Dr SE
Smyrna, GA 30080
Near-In Cobb


HIGHLIGHTS

  • Large 2.21 acre commercial parcel offering substantial space for vehicle display, inventory, and customer circulation.
  • Leased to Lithia Georgia Real Estate, LLC, with a guaranty from Lithia Motors, Inc. which is traded on the NYSE (LAD) with a market CAP of $7.13B
  • Lithia Motors, Inc. is based in Oregon and has 466 dealerships in the U.S., Canada and UK, selling 57 brands of automobiles - www.lithia.com
  • Lithia Motors, Inc. purchase Wade Ford in 2023, which has been selling cars since 1933, and kept the name vs. rebranding.
  • Absolute NNN lease structure, with the tenant responsible for property taxes, insurance, utilities, & all structural and non-structural maintenance.
  • Current lease term through Dec. 31, 2028, w/ 3% annual Base Rent increases & 2 x 3-year renewal options extending the potential lease term thru 2034.

OVERVIEW

3817 South Cobb Drive is an established used-car dealership situated on approximately 2.21 acres in Smyrna, Georgia. The property serves as the preowned vehicle sales and inventory lot for the larger Wade Ford dealership located directly across the street. Originally developed as a Shoney’s restaurant, the property has since been adapted for automotive retail operations. The property is subject to an Absolute NNN lease with Lithia Georgia Real Estate, LLC, and Lithia Motors, Inc. providing a passive ownership structure with no landlord responsibilities. The tenant is responsible for all property-related expenses, including taxes, insurance, utilities, maintenance, and structural and non-structural repairs. The large parcel provides significant vehicle display and inventory capacity, making the lot size a key feature of the offering. Lithia Motors, Inc. purchased Wade Ford in 2023 and assigned and guaranteed the lease. The company is based in Oregon and has 466 dealerships selling 57 brands of automobiles. The stock is traded on the NYSE as LAD with a market CAP of $7.13 billion.

FOR SALE DETAILS

PRICE

$3,400,000 USD

PRICE/SF

$1,485 USD /SF

CAP RATE

5.12%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Wade Ford (Lithia Motors)

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Auto Dealership

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1971

SPRINKLERS

-

PARKING SPACES

140

LAND DETAILS

LAND ACRES

2.21 AC

LAND SF

96,268 SF

ZONING

GC, County

APN/PARCEL ID

17-0528-0-003-0

ASK ABOUT THIS PROPERTY

Chase MurphySkyline Seven Real EstateMore Info
404-812-8925

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Chase MurphySkyline Seven Real EstateMore Info
404-812-8925

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