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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.

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

Exclusively Listed By

Broker of Record

  • John M. Leonard

    First Vice President/Regional Manager

    (678) 808-2700

    License(s) GA: 252904

    Georgia

Financing By

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.

Exclusively Listed By

Broker of Record

  • John M. Leonard

    First Vice President/Regional Manager

    (678) 808-2700

    License(s): GA: 252904

    Georgia

Financing By

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