2195 Cobb Pky SE
Smyrna, GA 30080
National Tire & Battery (Sumitomo Guarantee) · Retail Property For Sale

IREA is pleased to offer for sale a freestanding, ±6,922 square foot NationalTire & Battery store situated on 0.926 acres in Marietta, GA (Atlanta MSA). Built in 2013, the property is operating on an absolute NNN lease with 15 years of primary term remaining, with three 5-year options to renew. The lease features CPI increases up to a rare maximum of 12% every five years. This NTB location also features a dedicated licensed LYFT facility, with preferred pricing for LYFT vehicles. The lease also features a very rare priority payment guarantee from Sumitomo of America, an investment grade credit company. The property is ideally located on Cobb Parkway (Traffic Count: 42,000 CPD), just 1.5 miles from the intersection of I-285 and I-75 (Combined Traffic Count: 355,000 CPD), within the Cumberland Galleria community, one of metro Atlanta’s premier retail and office submarkets. The Cumberland Galleria area is expected to see major growth in the coming years as a result of the recent 2017 opening of the Atlanta Braves’ $1 billion SunTrust Park and The Battery Atlanta, which when fully completed, will feature approximately 1.5 million square feet of retail, restaurant, residential (approximately 500 residences), hotel and office space. The National Tire & Battery is located only 1.1 miles south of this amazing development. The property is also strategically positioned within one of Atlanta’s premier commercial corridors with 8.5 MSF of retail, 24.6 MSF of office, 4.4 MSF of industrial, and 29,341 units of multifamily housing within a 3-mile radius. Other major retailers in the surrounding area include: Target, Best Buy, Aldi, Walgreens, Marshalls, TJ Maxx, PetSmart, Office Depot, OfficeMax, LA Fitness, Bank of America, Chase Bank, and Olive Garden among many others. In addition, the area benefits from infill demographics with a 5-mile population of 211,000 and average household income of $94,500.