Lyft Service Center
RARE LYFT OFFERING | MISSION CRITICAL SITE | BRAND-NEW TERM
Marketing description
Current Real Estate Advisors is pleased to present the opportunity to acquire the Lyft Service Center in Forest Park (Atlanta MSA), GA (the "Property")—a freestanding ±25,537 SF industrial/flex building situated on 2.07 acres. Positioned less than two miles from Hartsfield-Jackson Atlanta International Airport—the world's busiest airport with 108MM+ passengers annually—the Property benefits from exceptional visibility and frontage along I-75, which experiences 207,000+ VPD.
Lyft has demonstrated a strong commitment to this location, recently renewing its lease for an additional 5 years, underscoring the Property's operational importance within Lyft's network and the site's strong performance. The lease features 3% annual rent escalations and minimal landlord responsibilities, providing investors with stable, inflation-hedged cash flow.
This offering represents a rare opportunity to acquire mission-critical real estate in a high-barriers-to-entry submarket within immediate proximity to Hartsfield-Jackson Atlanta International Airport. The location benefits from robust demand drivers, significant logistical synergies, and a deep roster of industrial, logistics, and transportation-oriented tenants seeking proximity to the airport corridor.
Investment highlights
- Mission Critical Location - This facility serves as a hub for Lyft's driver operations across the greater ATL MSA, providing essential services to support its fleet in proximity to ATL Airport (the nation's busiest airport with 108MM+ annual passengers)
- Secure + Steady Income Stream - Backed by Lyft, Inc. (NASDAQ: LYFT), a publicly traded national operator, the Property provides investors with a secure and reliable income stream, minimal landlord responsibilities, and a proven tenant with a demonstrated, long-term commitment to the location
- Robust RE Fundamentals - Positioned within an infill industrial corridor less than 2 miles from the ATL Airport, the Property is situated in a high-demand, supply-constrained submarket where limited land creates significant barriers to entry for tenants and operators seeking airport adjacency
- Surrounding Market Synergies - Benefits from a highly synergistic industrial and logistics corridor, with notable neighboring tenants including JC Penney Logistics Center (2MM+ SF), Georgia DOT, Del Monte, Georgia Power, The Clorox Company, DHL, and several other prominent operators
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