Express Oil Change GL ( Atlanta )
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
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