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
1/12
null | 7.1% Cap Rate

4295 Jonesboro Rd
Union City, GA 30291


HIGHLIGHTS

  • LEASE: 15-YEAR NNN lease with 5.5+ years remaining AND 1.5% 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.
  • 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.

OVERVIEW

This offering features a recently remodeled and expanded DriveTime dealership on a ±4.72-acre parcel in Union City, Georgia. The property is secured by a 15-year NNN lease with approximately six years remaining, 1.5% annual rent increases, and three renewal options. DriveTime operates over 140 locations in 30 states and ranks in the top 30% of all company locations according to Placer.ai. Located just off Interstate 85 with traffic counts exceeding 153,000 VPD, the property benefits from strong visibility near Hartsfield–Jackson Atlanta International Airport and a major automotive retail corridor. The five-mile population exceeds 119,000 residents with an average household income of $87,305. Union City is one of metro Atlanta’s fastest-growing communities and is supported by major employers including Delta Air Lines, UPS, DHL, and The Coca-Cola Company. The lease is backed by DriveTime, a Tempe-based company with over 3,100 employees and estimated annual revenue of $1.5 billion.

FOR SALE DETAILS

PRICE

$5,455,900 USD

PRICE/SF

$1,783 USD /SF

CAP RATE

7.1%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

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.