802 Glynn St N - Auto Repair FOR SALE


Fayetteville, GA 30214
$2,016,665 USD
760-208-8798
802 Glynn St N, Fayetteville, GA for Sale
$2,016,665 USD
Auto Repair - FOR SALE
1/4
null | 6% Cap Rate

802 Glynn St N
Fayetteville, GA 30214


HIGHLIGHTS

  • LOCATION: 11 Miles South of ATL International Airport - The World's Single Busiest Airport & 20 Miles South of Downtown Atlanta
  • CORPORATE GUARANTEE: Valvoline Inc. Publicly Traded (NYSE: VVV) / Market Cap - $4.64 Billion
  • ABSOLUTE NET GROUND LEASE: Zero Landlord Responsibilities
  • CONSTRUCTION: Newer 2020 Construction
  • TERM: 10 Years Remaining on Initial Lease Term PLUS 3x 5-Year Options to Renew (thru 2050)

OVERVIEW

Urban West Ventures, Inc. and Bang Realty-Georgia, Inc, as exclusive listing agents, are pleased to offer the opportunity to acquire a Valvoline Instant Oil Change, located in Fayetteville, GA (Atlanta MSA), with a 10+ year absolute net ground lease and a Corporate Guarantee with Valvoline Inc., a publicly traded company (NYSE: VVV) with a $4.64B market cap. INVESTMENT HIGHLIGHTS - Absolute Net Ground Lease - Zero Landlord Responsibilities - Corporate Lease Guarantee with Valvoline Inc. - Cap Rate: 6.00% - List Price: $2,016,665 - NOI: $121,000 - Term: 10-Years Remaining on Initial Lease Term - Increases: 10% Base Rent Increases Every 5 Years SUMMARY The asset is strategically located along the major commercial corridor in Fayetteville, one of Atlanta’s fastest growing suburban areas. This offering provides an investor the opportunity to acquire a maintenance-free, long-term cash flowing asset with one of the premier retailers in the US, with convenient interstate access, and ensconced among a critical mass of other national retailers. This property features an absolute NNN ground lease backed by a corporate guarantee from Valvoline Inc., a publicly traded company on the NYSE (VVV) with a market cap of $4.64 billion. The lease has 10 years remaining on its original 15-year term, with 10% rent increases every five years and three additional five-year renewal options, running through 2050. Constructed in 2020, the site includes a 2,077± SF building situated on a 0.63± acre parcel, strategically located adjacent to the high-traffic intersection of State Route 85 and State Route 54, which sees a combined 77,200 vehicles per day. T he property offers convenient access to I-85 with multiple ingress and egress points and sits next to a 256,701 SF retail community center anchored by major tenants such as Kroger, Planet Fitness, JCPenney, Goodyear, and GNC. The surrounding area boasts strong retail presence including Tesla, Staples, Discount Tire, Tractor Supply Co., Chick-fil-A, Walgreens, Aspen Dental, and Chipotle. Valvoline, a globally recognized brand with over 2,010 locations, enhances the investment’s stability. The site is located 11 miles south of Hartsfield-Jackson Atlanta International Airport - the world's single busiest airport - and 20 miles south of downtown Atlanta, within the Fayetteville submarket of the Atlanta MSA, which has a population of approximately 6.19 million.

FOR SALE DETAILS

PRICE

$2,016,665 USD

PRICE/SF

$971 USD /SF

CAP RATE

6%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Auto Repair

ADD'L SUBTYPES

Service Station

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2020

SPRINKLERS

-

PARKING SPACES

10

LAND DETAILS

LAND ACRES

0.63 AC

LAND SF

27,443 SF

ZONING

C2

APN/PARCEL ID

05-31-00-142

ASK ABOUT THIS PROPERTY

James BengalaUrban West VenturesMore Info
760-208-8798

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

James BengalaUrban West VenturesMore Info
760-208-8798

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