Property History
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.
- LEASE: 15-YEAR NNN lease with 5.5+ 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 (See Page 13).
- GUARANTOR: DriveTime, headquartered in Tempe, AZ, with over 3,100 employed and an estimated annual revenue of $1.5B.
The price has been reduced on this incredible location in Union City (metro Atlanta) and has over 27K VPD. It is located just off Interstate 85 (over 153K VPD) on a large 4.5+/- acre parcel in the midst of “AUTO ROW”, close to Hartsfield Jackson International Airport. DriveTime offers customers the opportunity and convenience of financing through their subsidiary financing division and extended warranties for their gently used vehicles.
This DriveTime is in the top 30% of the over 140 locations throughout the US. This busy location draws customers from metro Atlanta and has a five-mile population of over 119K with an average household income of $87K.
Dimension Market Research, a leader in used car projections, anticipates growth from 2025 to 2033 at USD $1.5 Trillion dollars which translates to a compound growth rate of 7.3% over the forecast period.
With almost 6 1/2 years remaining on this NNN lease and ANNUAL rent increases of 1.5%, this is a homerun for an investor who wants a long-term quality tenant, outstanding location and yearly increases in rent!
The starting cap rate is 7.13% and by the end of the initial term, it is 7.79%. It is listed at $5,455,900.
LEASE: 15-YEAR NNN lease with 6 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 (See Page 13).
GUARANTOR: DriveTime, headquartered in Tempe, AZ, with over 3,100 employed and an estimated annual revenue of $1.5B.
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