1083 Scenic GA Hwy - Freestanding FOR SALE


Lawrenceville, GA 30045
$1,400,000 USD
706-631-8897
1083 Scenic GA Hwy, Lawrenceville, GA for Sale
$1,400,000 USD
Freestanding - FOR SALE
1/7
null | 6.09% Cap Rate

1083 Scenic GA Hwy
Lawrenceville, GA 30045


HIGHLIGHTS

  • Corporate-Backed Groundlease
  • Established Brand with Nationwide Expansion
  • Long-Term Lease with Renewal Options

OVERVIEW

Corporate-Backed Groundlease – This property benefits from a corporate-guaranteed groundlease, providing a secure and reliable income stream with no landlord responsibilities. Established Brand with Nationwide Expansion – Take 5 is rapidly growing across the country, reinforcing its strong market position and increasing long-term brand stability. Built-in Rental Growth – The lease includes scheduled rent increases, with the next bump in 2027, ensuring a steady appreciation in cash flow. Long-Term Lease with Renewal Options – The lease extends through 2037, with four additional five-year renewal options, providing future upside and stability. Minimal Management Responsibilities – As a true groundlease, the tenant is responsible for taxes, insurance, and maintenance, making this a passive investment with no oversight required. Strong Consumer Spending Power in the Area – The surrounding trade area boasts an average household income of $136K within a one-mile radius, supporting strong customer demand for automotive services. Established Location with Operational History – The site has been operating successfully since 2017, demonstrating a proven track record of performance. Desirable Retail Corridor – Located on Scenic Highway (Hwy 124), a key commercial artery in Snellville, the property benefits from strong traffic counts and visibility.

FOR SALE DETAILS

PRICE

$1,400,000 USD

PRICE/SF

$855 USD /SF

CAP RATE

6.09%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

ON GROUND LEASE

Yes

BUILDING DETAILS

PROPERTY NAME

Take 5 Oil Change

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

ADD'L SUBTYPES

Auto Repair

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2017

SPRINKLERS

-

PARKING SPACES

9

LAND DETAILS

LAND ACRES

1.13 AC

LAND SF

49,223 SF

ZONING

-

APN/PARCEL ID

5-086-629

ASK ABOUT THIS PROPERTY

Ryan McArdlePalomar GroupMore Info
706-631-8897

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Ryan McArdlePalomar GroupMore Info
706-631-8897

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