DriveTime NNN Lease Investment Opportunity 4295 Jonesboro Rd 3,060 SF Retail Building Union City, GA 30291 $5,984,490 ($1,955.72/SF) 6.40% Cap Rate
EXECUTIVE SUMMARY
WHAT: a 15-year NNN lease with 7+ years remaining with DriveTime, a leading national U.S. used auto dealership with over 140 locations in 30 states.
WHERE: Location in Union City (Atlanta MSA) close to Hartsfield Jackson International Airport and just off Interstate 85 (over 153K VPD), along with 10 other new and used car dealerships.
PERFORMANCE: Placer.ai ranks this location in the Top 30% of all DriveTime locations nationwide with consistently favorable store volume reported by local store management.
BUSINESS MODEL: DriveTime’s successful business model offers quality vehicles along with the convenience of one stop financing and extended warranties.
LEASE STRUCTURE: NNN lease has no landlord responsibilities featuring ANNUAL 1 ½ % rent increases and 3 five-year renewal options.
REAL ESTATE: The recently remodeled and expanded showroom of over 3000 SF sits on a large ±4.72-acre parcel on busy Jonesboro Road with over 27K VPD.
DEMOGRAPHICS: This South Fulton County location has a 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 areas of metro Atlanta, experiencing a population increase of over 22% between 2020 and 2022.
MAJOR AREA EMPLOYERS: Delta Airlines, Southern Regional Medical Center, Fulton County Government, Kraft Foods, DHL, Ferguson Supply, Atlanta Metro Studios, and the City of Union City.
AUTO INDUSTRY OUTLOOK: Dimensions Market Research projects the used car market to have a compounded annual growth rate of 7.3% from 2025 to 2033. Coupled with pending tariff increases, this further presents a bright future for used car sales.
GUARANTOR: DriveTime, headquartered in Tempe, AZ, operates and guarantees this lease. They own subsidiaries Bridgecrest Acceptance Corporation and SilverRock Automotive, respectively, their finance and auto warranty divisions whose major clients include both DriveTime and Carvana. They employ over 3,100 and have an estimated annual revenue of $1.5B.
WHERE: Location in Union City (Atlanta MSA) close to Hartsfield Jackson International Airport and just off Interstate 85 (over 153K VPD), along with 10 other new and used car dealerships.
PERFORMANCE: Placer.ai ranks this location in the Top 30% of all DriveTime locations nationwide with consistently favorable store volume reported by local store management.
BUSINESS MODEL: DriveTime’s successful business model offers quality vehicles along with the convenience of one stop financing and extended warranties.
LEASE STRUCTURE: NNN lease has no landlord responsibilities featuring ANNUAL 1 ½ % rent increases and 3 five-year renewal options.
REAL ESTATE: The recently remodeled and expanded showroom of over 3000 SF sits on a large ±4.72-acre parcel on busy Jonesboro Road with over 27K VPD.
DEMOGRAPHICS: This South Fulton County location has a 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 areas of metro Atlanta, experiencing a population increase of over 22% between 2020 and 2022.
MAJOR AREA EMPLOYERS: Delta Airlines, Southern Regional Medical Center, Fulton County Government, Kraft Foods, DHL, Ferguson Supply, Atlanta Metro Studios, and the City of Union City.
AUTO INDUSTRY OUTLOOK: Dimensions Market Research projects the used car market to have a compounded annual growth rate of 7.3% from 2025 to 2033. Coupled with pending tariff increases, this further presents a bright future for used car sales.
GUARANTOR: DriveTime, headquartered in Tempe, AZ, operates and guarantees this lease. They own subsidiaries Bridgecrest Acceptance Corporation and SilverRock Automotive, respectively, their finance and auto warranty divisions whose major clients include both DriveTime and Carvana. They employ over 3,100 and have an estimated annual revenue of $1.5B.
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Auto Dealership
Building Size
3,060 SF
Building Class
B
Year Built
2012
Price
$5,984,490
Price Per SF
$1,955.72
Cap Rate
6.40%
NOI
$383,007
Tenancy
Single
Building Height
1 Story
Building FAR
0.01
Lot Size
4.72 AC
Zoning
GC - General Commercial
Parking
373 Spaces (10 Spaces per 1,000 SF Leased)
AMENITIES
- Signage
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $135,800 | |
| Land Assessment | $545,140 | Total Assessment | $680,940 |
