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Miscellaneous

Grease Monkey 2-Tenant Retail Strip | New 10-Yr Leases | Atlanta MSA

6541 Tara Blvd, Jonesboro, GA 30236

Listing Price: $1,898,571

Cap Rate
7.00%
Tenant Name
Free Smoke
Years Remaining On Lease
9.9
Gross SF
3,587
Guarantor
Franchisee Guarantee
Rentable SF
3,587
Price/Gross SF
$529.29
Lease Type
Absolute Net
Rent Per Square Feet
$37.05

Investment Overview

Marcus & Millichap is pleased to present for sale this 3,485 square foot Two-
Tenant Plaza Grease Monkey & Free Smoke located at 6541 Tara Blvd. in
Jonesboro, Georgia on .52 acres of land. Jonesboro is a city in and the county
seat of Clayton County, Georgia with a population over 4,724.
Numerous apartment complexes surround this property including Tara Woods
Apartments with 106 rented units, Oak Run Apartments with 144 rented units,
Scarlett Place Apartments with 190 units, Tara Hill Apartments with 132 units
and River Ridge Apartments with 228 units. Brand new home developments in
the area include the sold-out Vintage Pointe by D. R. Horton and sold-out River
Station by D. R. Horton.
Colleges and universities nearby the property include Clayton State University
with 5,836 enrolled students and Atlanta Technical College with 3,383 enrolled
students.
Also nearby are Southside Medical Center and Southern Regional Medical Center.
This property is a 13-minute drive to Hartsfield Jackson Atlanta International
Airport.
Grease Monkey International, Inc. is an independent American franchisor of
automotive service centers offering oil changes, preventative maintenance, and
other car care services. It was founded in 1978 and is headquartered in Denver,
Colorado. Free Smoke is a smoke shop offering tobacco and various smoking
products.

Investment Highlights

  • 2-Tenant | Absolute NNN Leases
  • 3,485 Square Foot Two-Tenant Grease Monkey and Free Smoke Plaza Located at 6541 Tara Blvd. in Jonesboro, Georgia with a Population Over 4,724 Residents
  • Grease Monkey International, Inc. is an Independent American Franchisor of Automotive Service Centers Offering Oil Changes, Preventative Maintenance and Other Car Care Services
  • 58,100 Vehicles Per Day
  • Affluent Population Exceeding 193,317 in a 5-Mile Radius
  • 13 Miles from Downtown Atlanta, Georgia
  • 9 Miles from Hartsfield-Jackson Atlanta International Airport

Exclusively Listed By

Broker of Record

  • John M. Leonard

    First Vice President/Regional Manager

    (678) 808-2700

    License(s) GA: 252904

    Georgia

Financing By

Miscellaneous

Grease Monkey 2-Tenant Retail Strip | New 10-Yr Leases | Atlanta MSA

Listing Price: $1,898,571

Cap Rate
7.00%
Tenant Name
Free Smoke
Years Remaining On Lease
9.9
Gross SF
3,587
Guarantor
Franchisee Guarantee
Rentable SF
3,587
Price/Gross SF
$529.29
Lease Type
Absolute Net
Rent Per Square Feet
$37.05

Investment Highlights

  • 2-Tenant | Absolute NNN Leases
  • 3,485 Square Foot Two-Tenant Grease Monkey and Free Smoke Plaza Located at 6541 Tara Blvd. in Jonesboro, Georgia with a Population Over 4,724 Residents
  • Grease Monkey International, Inc. is an Independent American Franchisor of Automotive Service Centers Offering Oil Changes, Preventative Maintenance and Other Car Care Services
  • 58,100 Vehicles Per Day
  • Affluent Population Exceeding 193,317 in a 5-Mile Radius
  • 13 Miles from Downtown Atlanta, Georgia
  • 9 Miles from Hartsfield-Jackson Atlanta International Airport

Investment Overview

Marcus & Millichap is pleased to present for sale this 3,485 square foot Two- Tenant Plaza Grease Monkey & Free Smoke located at 6541 Tara Blvd. in Jonesboro, Georgia on .52 acres of land. Jonesboro is a city in and the county seat of Clayton County, Georgia with a population over 4,724. Numerous apartment complexes surround this property including Tara Woods Apartments with 106 rented units, Oak Run Apartments with 144 rented units, Scarlett Place Apartments with 190 units, Tara Hill Apartments with 132 units and River Ridge Apartments with 228 units. Brand new home developments in the area include the sold-out Vintage Pointe by D. R. Horton and sold-out River Station by D. R. Horton. Colleges and universities nearby the property include Clayton State University with 5,836 enrolled students and Atlanta Technical College with 3,383 enrolled students. Also nearby are Southside Medical Center and Southern Regional Medical Center. This property is a 13-minute drive to Hartsfield Jackson Atlanta International Airport. Grease Monkey International, Inc. is an independent American franchisor of automotive service centers offering oil changes, preventative maintenance, and other car care services. It was founded in 1978 and is headquartered in Denver, Colorado. Free Smoke is a smoke shop offering tobacco and various smoking products.

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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