4295 Jonesboro Rd - Auto Dealership FOR SALE


Union City, GA 30291
$5,984,490 USD
678-613-7327
4295 Jonesboro Rd, Union City, GA for Sale
$5,984,490 USD
Auto Dealership - FOR SALE
1/25
null | 6.4% Cap Rate

4295 Jonesboro Rd
Union City, GA 30291


OVERVIEW

WHAT: a 15-year NNN lease with 7+ years remaining with DriveTime, a leading national U.S. used auto dealership with over 140 locations in 30 states. WHERE: Location in Union City (Atlanta MSA) close to Hartsfield Jackson International Airport and just off Interstate 85 (over 153K VPD), along with 10 other new and used car dealerships. PERFORMANCE: Placer.ai ranks this location in the Top 30% of all DriveTime locations nationwide with consistently favorable store volume reported by local store management. BUSINESS MODEL: DriveTime’s successful business model offers quality vehicles along with the convenience of one stop financing and extended warranties. LEASE STRUCTURE: NNN lease has no landlord responsibilities featuring ANNUAL 1 ½ % rent increases and 3 five-year renewal options. REAL ESTATE: The recently remodeled and expanded showroom of over 3000 SF sits on a large ±4.72-acre parcel on busy Jonesboro Road with over 27K VPD. DEMOGRAPHICS: This South Fulton County location has a 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 areas of metro Atlanta, experiencing a population increase of over 22% between 2020 and 2022. MAJOR AREA EMPLOYERS: Delta Airlines, Southern Regional Medical Center, Fulton County Government, Kraft Foods, DHL, Ferguson Supply, Atlanta Metro Studios, and the City of Union City. AUTO INDUSTRY OUTLOOK: Dimensions Market Research projects the used car market to have a compounded annual growth rate of 7.3% from 2025 to 2033. Coupled with pending tariff increases, this further presents a bright future for used car sales. GUARANTOR: DriveTime, headquartered in Tempe, AZ, operates and guarantees this lease. They own subsidiaries Bridgecrest Acceptance Corporation and SilverRock Automotive, respectively, their finance and auto warranty divisions whose major clients include both DriveTime and Carvana. They employ over 3,100 and have an estimated annual revenue of $1.5B.

FOR SALE DETAILS

PRICE

$5,984,490 USD

PRICE/SF

$1,956 USD /SF

CAP RATE

6.4%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

DriveTime NNN Lease Investment Opportunity

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 Policy.