Auto Parts
Meineke Car Care Center | New 10-Yr. Lease
3218 S Cobb Dr SE, Smyrna (Atlanta MSA), GA 30080
Listing Price: $1,315,000
Cap Rate
6.50%
Tenant Name
Meineke
Years Remaining On Lease
9.2
Guarantor
Corporate Guarantee
Rentable SF
3,000
Lease Type
Double Net
Rent Per Square Feet
$28.50
Investment Overview
Marcus & Millichap is pleased to present the Meineke in Smyrna, GA.
Meineke Car Care Center | New 10-Yr. Lease
Investment Highlights
- New 10-Year Lease, 2% Annual Rental Increases Throughout Base Term and Options
- Strong Personal Guaranty, Experienced Multi-Unit Operator
- Serving Over 242,000 Residents in Growing Atlanta Suburb, Only 15 Minutes to Downtown Atlanta
- Average Household Income Exceeds $97,000 within a 3 and 5-Mile Radius
- Outparcel to Kroger Anchored Shopping Center with 30,000 Shoppers/Week, Top-Tier Sales Volume in the Southeast
- Hard Corner Location at Signalized Intersection with Over 31,500 Cars/Day in Primary Retail Trade Area
- Minutes to Truist Park with Over 2.4 Million Visitors Annually, Brand New Atlanta Braves Baseball Stadium
- Close Proximity to Kennesaw State University – Marietta with 6,238 Students and Several K-12 Schools with 12,000 Students
Auto Parts
Meineke Car Care Center | New 10-Yr. Lease
Listing Price: $1,315,000
Cap Rate
6.50%
Tenant Name
Meineke
Years Remaining On Lease
9.2
Guarantor
Corporate Guarantee
Rentable SF
3,000
Lease Type
Double Net
Rent Per Square Feet
$28.50
Investment Highlights
- New 10-Year Lease, 2% Annual Rental Increases Throughout Base Term and Options
- Strong Personal Guaranty, Experienced Multi-Unit Operator
- Serving Over 242,000 Residents in Growing Atlanta Suburb, Only 15 Minutes to Downtown Atlanta
- Average Household Income Exceeds $97,000 within a 3 and 5-Mile Radius
- Outparcel to Kroger Anchored Shopping Center with 30,000 Shoppers/Week, Top-Tier Sales Volume in the Southeast
- Hard Corner Location at Signalized Intersection with Over 31,500 Cars/Day in Primary Retail Trade Area
- Minutes to Truist Park with Over 2.4 Million Visitors Annually, Brand New Atlanta Braves Baseball Stadium
- Close Proximity to Kennesaw State University – Marietta with 6,238 Students and Several K-12 Schools with 12,000 Students
Investment Overview
Marcus & Millichap is pleased to present the Meineke in Smyrna, GA.
