DriveTime, NNN Lease Investment Opportunity | 7.1% Cap Rate | Union City, GA

Investment Overview

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.

Investment Highlights

• 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.