4295 Jonesboro Rd - Auto Dealership FOR SALE


Union City, GA 30291
$5,455,900 USD
678-613-7327
4295 Jonesboro Rd, Union City, GA for Sale
$5,455,900 USD
Auto Dealership - FOR SALE
1/25
null | 7.02% Cap Rate

4295 Jonesboro Rd
Union City, GA 30291


OVERVIEW

LEASE: 15-YEAR NNN lease with 6.5 years remaining AND 15% ANNUAL rent increase AND 3 renewal options. TENANT: DriveTime, a leading national used car dealership with over 140 locations in 30 states, offering sales, financing, and extended warranties. Placer.ai PERFORMANCE: Placer.ai ranks this location in the Top 30% of all DriveTime locations. LOCATION: Union City (Atlanta MSA) just off Interstate 85 (over 153K VPD), near Hartsfield Jackson International Airport, along with 10 other new and used car dealerships. REAL ESTATE: Recently remodeled and expanded showroom on ±4.72-acre parcel with over 27K VPD. DEMOGRAPHICS: Five-mile population of over 119K and an average household income of $87,305. ABOUT THE AREA: Union City is one of the fastest growing metro Atlanta areas, with a population increase of over 22% between 2020 and 2022. MAJOR AREA EMPLOYERS: Delta Airlines, Southern Regional Medical Center, Fulton County Government, UPS, Kraft Foods, DHL, Coca-Cola, Atlanta Metro Studios, and the city of Union City. AUTO INDUSTRY OUTLOOK: The used car market forecasted to have a compounded annual growth rate of 7.3% from 2025 to 2033 according to Dimensions Market Research. GUARANTOR: DriveTime, headquartered in Tempe, AZ, with over 3,100 employed and an estimated annual revenue of $1.5B.

FOR SALE DETAILS

PRICE

$5,455,900 USD

PRICE/SF

$1,783 USD /SF

CAP RATE

7.02%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

DriveTime NNN Lease Investment Opportunity

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Auto Dealership

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2012

SPRINKLERS

-

PARKING SPACES

373

LAND DETAILS

LAND ACRES

4.72 AC

LAND SF

205,603 SF

ZONING

GC

APN/PARCEL ID

09F-1501-0062-034-1,09F-1501-0062-035-8

ASK ABOUT THIS PROPERTY

Nancy MillerBull Realty Inc.More Info
678-613-7327

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Nancy MillerBull Realty Inc.More Info
678-613-7327

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