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DriveTime NNN Lease Investment Opportunity 4295 Jonesboro Rd 3,060 SF Retail Building Union City, GA 30291 $5,455,900 ($1,782.97/SF) 7.13% Cap Rate
Executive Summary
? LEASE: 15-YEAR NNN lease with 6 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.
? 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 (See Page 13).
? GUARANTOR: DriveTime, headquartered in Tempe, AZ, with over 3,100 employed and an estimated annual revenue of $1.5B.
? 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 (See Page 13).
? GUARANTOR: DriveTime, headquartered in Tempe, AZ, with over 3,100 employed and an estimated annual revenue of $1.5B.
Property Facts
Sale Type
Investment NNN
Sale Condition
1031 Exchange
Property Type
Retail
Property Subtype
Auto Dealership
Building Size
3,060 SF
Building Class
B
Year Built
2012
Price
$5,455,900
Price Per SF
$1,782.97
Cap Rate
7.13%
NOI
$389,006
Tenancy
Single
Building Height
1 Story
Building FAR
0.01
Lot Size
4.72 AC
Zoning
GC - General Commercial
Parking
373 Spaces (10 Spaces per 1,000 SF Leased)
Amenities
- Signage
Nearby Major Retailers
Property Taxes
| Parcel Numbers | Improvements Assessment | $181,280 | |
| Land Assessment | $588,840 | Total Assessment | $770,120 |
Property Taxes
Parcel Numbers
Land Assessment
$588,840
Improvements Assessment
$181,280
Total Assessment
$770,120
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DriveTime NNN Lease Investment Opportunity | 4295 Jonesboro Rd
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