Investment Overview
Corporate ground lease with the largest independent tire and wheel retailer in the nation – 1,275+ locations, 40 states, $10B+ annual revenue
Investment Highlights
- 19-year operating history with two 5-year renewal options already exercised and 4 remaining 5-year options
- Top-performing unit ranked in the top 20% of the portfolio nationwide (#218) and top 5% statewide (#3) (placer.ai)
- Well below-market rent with 5% rent bumps every 5-year option period providing a big future upside opportunity
- High profile corner at the signalized intersection of Highway 54 (43,400 VPD) and MacDuff Pkwy with the highest traffic counts in the trade area
- Trade area of more than 1.6 million SF over 98% leased (costar) anchored by Walmart, Costco, Sam’s Club, Publix, Trader Joe’s, Home Depot, HomeGoods, TJ Maxx, PetSmart, and more
- Over 16,400 employees in a 3-mile radius with daytime population exceeding overnight population within a 1-mile radius
- Median household income of $140,700 in a 5-mile radius – 68% above the national median for households
- Average household income of $183,000 in a 1-mile radius and $169,600 in a 5-mile radius
- Atlanta ranked among the nation’s top 10 growth metros in 2025 (U-Haul Growth Index)