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31221317
31221318

3455 Winder Hwy, Flowery Branch, GA 30542 For Sale

JT
GA FL 124147
Franklin Street Atlanta
Franklin Street Atlanta
Listed by Franklin Street Atlanta
$1,710,000
123 days on market
Updated 3 days ago

Express Oil Change GL ( Atlanta )

Details
Property Type Retail
Sub Type Storefront, Auto Shop
Square Footage 5,698
Cap Rate 5.65%
NOI $100,000
Occupancy 100%
Tenancy Single
Brand/Tenant Express Oil
Lease Type Absolute NNN
Lease Expiration 04/29/2041
Rent Bumps Yes
Year Built 2026
Acreage 4.910
Tenant Credit Corporate Guarantee
Lease Commencement 04/30/2026
Ground Lease Yes

33,700 VPD | Across From Publix | Significantly Below Market Rent

Marketing description

Franklin Street is pleased to present this new construction Express Oil Change & Tire Engineers Ground Lease in Oakwood, Georgia, a northern Atlanta suburb. Oakwood is located ~40 miles northeast of Atlanta, just off I-985. It is conveniently located near Lake Lanier, the busiest lake in the Southeast with over 10 million annual visitors. The investment allows a unique structure because the tenant is completing all the improvements themselves. This structure has allowed the tenant's rent to be significantly under market for their use/brand, which typically are in the $150-200K range annually. This shall enhance the long-term viability of the tenant throughout the initial term and beyond The site is located within a cohesive new development with Chick-fil-A, Whataburger, Panda Express, and 7Brew all driving additional traffic to the site. The property shares a light with a strong Publix anchored shopping center across the street with numerous additional national tenants within. One mile from the property is University of North Georgia's Gainesville campus, which has 7,500+ students. The heavily traveled corridor has quick access to I-985, which leads into Atlanta and other densely populated northern suburbs.

Investment highlights

  • New Express Oil Change & Tire Engineers in the Atlanta MSA
  • 15 Year Lease: 10% increase in the initial term and each option period
  • Excellent Visibility: Located along Highway 53 with 33,400 VPD
  • Express Oil Change & Tire Engineers - now part of the Mavis Tire family, is the largest quick oil change and automotive service brand in the country with over 3,500 locations
  • Landlord Friendly Lease Structure: Absolute NNN ground lease
  • Significantly Below Market Rent For Brand: Typical location pays $150-200k in rent
  • Across From Publix Anchored Center and Within a New Development With Chick-fil-A, Whataburger, Panda Express, and 7Brew Coffee

Listing Contacts

JT
GA FL 124147
Franklin Street Atlanta
Franklin Street Atlanta
Listed by Franklin Street Atlanta

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Loan Amount
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Annual Debt Service
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Annual Cash Flow
$100,000.00
$8,333.33/mo

Valuation Metrics

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DSCR
5.85%
Cap Rate
5.85%
ROI

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Additional Information

Name
John Tennant
License
FL 124147
Brokerage
Franklin Street
Brokerage Phone
4043861700
Brokerage Address
3384 Peachtree Road Northeast
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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