Take 5 Oil Change,
Dalton, GA Investment Summary
| Price | $2,137,000 |
| Cap Rate | |
| NOI | |
| Lease Term | 10 Years |
| Lease Type | Absolute NNN Ground Lease, With Tenant Responsible For All Taxes, Insurance, And Maintenance |
| Rental Increases | 10% Rental Increases Every Five (5) Years |
| Year Built | 2021 |
| Building Size | Contact For Details |
| Lot Size | 0.61 Acres (26,500 SF) |
| Status | Sold |
| Lead Brokers | Vincent Aicale Executive Director 415.690.5522 vince.aicale@cushwake.com CA RE License #01728696 Ryan Forsyth Executive Director 415.413.3005 ryan.forsyth@cushwake.com CA RE License #01716551 Michael T. Yuras, CCIM Executive Managing Director 415.481.0788 michael.yuras@cushwake.com CA RE License #01823291 Scott Crowle Executive Director 415.604.4288 scott.crowle@cushwake.com CA RE License #01318288 |
Investment Highlights
LONG-TERM ABSOLUTE NNN LEASE
» 10-year absolute NNN lease with 10% rental increases in initial term and options, providing a hedge against inflation
» Tenant is responsible for taxes, insurance, and all maintenance, including roof, structure, and parking lot
» No landlord management, providing an ideal investment opportunity for an out-of-area investor
HIGH-TRAFFIC LOCAITON IN A DENSE RETAIL AREA
» 42,220 AADT at the signalized intersection of State Route 52/East Walnut Avenue and Airport Road
» Projected 13 percent average household income increase within five mile of the site in the next five years
» 63,982 residents within a five-mile radius
NEAR LARGE SCHOOLS, EMPLOYERS, AND COMMUNITY HUBS
» Located across from Walnut Square Mall with anchor tenants Belk, AMC Theater, and Bath & Body Works
» Within three miles of many major schools including Northwest Georgia College and Career Academy, Georgia Northwestern Technical College, Southeast Whitfield High School, Eastbrook Middle School and Antioch Middle School
» Surrounded by a strong mix of national including Walmart, Hobby Lobby, Harbor Freight, Delray Farms, CVS, ALDI, McDonald’s, AutoZone and many more
DYNAMIC TENANT SERVING A PRACTICAL NEED
» Drive-thru oil change in less than five minutes, with the customer remaining in their vehicle during service
» Take 5 is experiencing explosive growth and recently announced franchising plans
» New 2021 construction
Property Description
SOLD
The property is strategically located on Airport Road with 13,700 vehicles per day directly in front of the property and just off State Route 52/East Walnut Avenue which brings an additional 28,520 vehicles per day by the property. The subject property is located in a dense retail area just across the street from Walnut Square Mall with major tenants including Belk, AMC Theater, Bath & Body Works, Chick-fil-A and many others.
There are many other national retailers in the surrounding area including Walmart, Hobby Lobby, Harbor Freight, Delray Farms, CVS, Aldi, McDonald’s, AutoZone and many others. The surrounding area is affluent and densely populated with more than 63,000 residents and an average household income over $68,000 within five miles of the property.
