Investment Overview
Introducing a prime investment opportunity! This 4,730 SF free-standing building, constructed in 2021, is situated in the sought-after Locust Grove area. Boasting a 100% occupancy rate, this property offers an attractive proposition for retail investors seeking a high-performing asset. With a modern build and a prime location, this property presents a compelling opportunity for those looking to add a valuable asset to their investment portfolio.
Investment Highlights
- BONUS DEPRECIATION - Property may qualify for accelerated depreciation through a cost segregation study. Consulting your Accountant or Tax Attorney is advised.
- 15+ YEARS REMAINING ON ABSOLUTE NNN LEASE - Long-term lease structure with zero landlord responsibilities and 7% rental increases every 5 years, providing predictable income growth.
- STRONG CORPORATE GUARANTY - Lease backed by Mavis Tire Express, a leading national tire and automotive service operator with approximately 3,600 locations nationwide.
- INSTITUTIONALLY BACKED TENANT - Mavis was acquired by BayPine and TSG Consumer Partners in 2021 in a transaction reportedly valuing the company at approximately $6 billion including debt.
- STRONG UNIT-LEVEL PERFORMANCE - Location benefits from strong and upward-trending store sales, supporting attractive unit-level profitability and long-term tenant viability.
- RAPIDLY GROWING ATLANTA SUBURB - Located in Locust Grove, the fastest-growing city in Henry County, one of the fastest-growing counties in the U.S.
- AFFLUENT TRADE AREA - Surrounded by affluent communities with average household incomes exceeding $111,000 within 3 miles.
- EXCELLENT ACCESS, VISIBILITY & TRAFFIC - 44,900+ VPD at a signalized intersection just off I-75 (98,800+ VPD) with direct connectivity to Downtown Atlanta.
- WALMART OUTPARCEL & MAJOR RETAIL CORRIDOR - Outparcel to a high-volume Walmart Supercenter and minutes from Tanger Outlets, attracting approximately 4 million annual shoppers.
- MAJOR INDUSTRIAL DEMAND DRIVER - Across from 4.1 million SF Gardner Logistics Park, near the 4.5 million SF Cubes at Locust Grove, and surrounded by 44+ million SF of industrial facilities.
- ESTABLISHED INDUSTRIAL & DISTRIBUTION HUB - Located just south of Locust Grove’s industrial zone, which contains more than 44 million SF of industrial facilities and warehouses.
- STRATEGIC ATLANTA MSA LOCATION - Approximately 30 miles from Hartsfield-Jackson Atlanta International Airport, providing exceptional regional, national, and international connectivity.