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Details: Retail

Asking Price: $1,400,000

Square Feet: 1,637 SF

Asking Cap Rate: 6.10%

Year Built: 2017

NOI: $85,250

Take 5 Oil

1083 Scenic Hwy , Snellville, GA 30078

  • Corporate-Backed Groundlease – This property benefits from a corporate-guaranteed groundlease, providing a secure and reliable income stream with no landlord responsibilities.
  • Established Brand with Nationwide Expansion – Take 5 is rapidly growing across the country, reinforcing its strong market position and increasing long-term brand stability.
  • Built-in Rental Growth – The lease includes scheduled rent increases, with the next bump in 2027, ensuring a steady appreciation in cash flow.
  • Long-Term Lease with Renewal Options – The lease extends through 2037, with four additional five-year renewal options, providing future upside and stability.
  • Minimal Management Responsibilities – As a true groundlease, the tenant is responsible for taxes, insurance, and maintenance, making this a passive investment with no oversight required.
  • Strong Consumer Spending Power in the Area – The surrounding trade area boasts an average household income of $136K within a one-mile radius, supporting strong customer demand for automotive services.
  • Established Location with Operational History – The site has been operating successfully since 2017, demonstrating a proven track record of performance.
  • Desirable Retail Corridor – Located on Scenic Highway (Hwy 124), a key commercial artery in Snellville, the property benefits from strong traffic counts and visibility.

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