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4295 Jonesboro Rd 3,060 SF Retail Building Union City, GA 30291 $7,648,790 CAD ($2,499.60 CAD/SF) 7.10% Cap Rate
Investment Highlights
- LEASE: 15-YEAR NNN lease with 5.5+ years remaining AND 1.5% ANNUAL rent increase AND 3 renewal options.
- Placer.ai PERFORMANCE: Placer.ai ranks this location in the Top 30% of all DriveTime locations.
- DEMOGRAPHICS: Five-mile population of over 119K and an average household income of $87,305.
- TENANT: DriveTime, a leading national used car dealership with over 140 locations in 30 states, offering sales, financing, and extended warranties.
- REAL ESTATE: Recently remodeled and expanded showroom on ±4.72-acre parcel with over 27K VPD.
- 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.
Executive Summary
This offering features a recently remodeled and expanded DriveTime dealership on a ±4.72-acre parcel in Union City, Georgia. The property is secured by a 15-year NNN lease with approximately six years remaining, 1.5% annual rent increases, and three renewal options. DriveTime operates over 140 locations in 30 states and ranks in the top 30% of all company locations according to Placer.ai.
Located just off Interstate 85 with traffic counts exceeding 153,000 VPD, the property benefits from strong visibility near Hartsfield–Jackson Atlanta International Airport and a major automotive retail corridor. The five-mile population exceeds 119,000 residents with an average household income of $87,305. Union City is one of metro Atlanta’s fastest-growing communities and is supported by major employers including Delta Air Lines, UPS, DHL, and The Coca-Cola Company. The lease is backed by DriveTime, a Tempe-based company with over 3,100 employees and estimated annual revenue of $1.5 billion.
Located just off Interstate 85 with traffic counts exceeding 153,000 VPD, the property benefits from strong visibility near Hartsfield–Jackson Atlanta International Airport and a major automotive retail corridor. The five-mile population exceeds 119,000 residents with an average household income of $87,305. Union City is one of metro Atlanta’s fastest-growing communities and is supported by major employers including Delta Air Lines, UPS, DHL, and The Coca-Cola Company. The lease is backed by DriveTime, a Tempe-based company with over 3,100 employees and estimated annual revenue of $1.5 billion.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Auto Dealership
Building Size
3,060 SF
Building Class
B
Year Built
2012
Price
$7,648,790 CAD
Price Per SF
$2,499.60 CAD
Cap Rate
7.10%
NOI
$543,064 CAD
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)
Somewhat walkable
30/100
Exceptionally drivable
100/100
Limited public transit
30/100
Not bikeable
10/100
Nearby Major Retailers
Property Taxes
| Parcel Numbers | Improvements Assessment | $257,827 CAD | |
| Land Assessment | $837,484 CAD | Total Assessment | $1,095,311 CAD |
Property Taxes
Parcel Numbers
Land Assessment
$837,484 CAD
Improvements Assessment
$257,827 CAD
Total Assessment
$1,095,311 CAD
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4295 Jonesboro Rd
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