Union City Retail for Sale - North Clayton/Airport
LEASE: 15-YEAR NNN lease with 6.5 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.
GUARANTOR: DriveTime, headquartered in Tempe, AZ, with over 3,100 employed and an estimated annual revenue of $1.5B.
