Auto Service - Gas-Conv
Take 5 Oil Change (Fee Simple 7.00% Cap)
2703 Airport Rd, Dalton, GA 30721
Listing Price: $1,846,000
Investment Overview
Marcus & Millichap is proud to offer for sale the Take 5 oil change facility located in Dalton, Georgia at 2703 Airport Road. The site operates under an Absolute Triple Net (tenant is responsible for all repairs and maintenance) lease that is operated by Stella Blue Ventures, LLC which is a growing multi-unit franchisee with fifteen Take 5 locations across Georgia, Tennessee, North Carolina and Kentucky. The 10-year lease was originally signed in 2021 and currently is set to expire on October 31st, 2031. The lease includes 10% rent bumps every five years throughout the lease and the option periods. The property was built and opened for business in 2021 and the building is 1,500 square feet with three oil change bays. This site is ideally located at the intersection of Airport Road and East Walnut Avenue which are two main thoroughfares through east Dalton. There are over 64,000 residents who live within a five-mile radius of the Dalton Take 5 property.
Take 5 Oil Change (Fee Simple 7.00% Cap)
Investment Highlights
- Absolute NNN Lease, Operated by Growing Regional Franchisee Stella Blue Ventures, LLC (15 Units and Growing)
- More than 64,000 Residents Live within 5 Miles of the Subject Property
- Property Situated within Walking Distance of Walmart, Dalton Mall, ALDI, Hobby Lobby and Many Other National Retailers
- Ideal Location at Signalized Intersection with 32,900 AADT - Adjacent to Walgreens and CVS
Exclusively Listed By
Broker of Record
-
John M. Leonard
Senior Managing Director, Market Leader- Atlanta
Listing Price: $1,846,000
Investment Highlights
- Absolute NNN Lease, Operated by Growing Regional Franchisee Stella Blue Ventures, LLC (15 Units and Growing)
- More than 64,000 Residents Live within 5 Miles of the Subject Property
- Property Situated within Walking Distance of Walmart, Dalton Mall, ALDI, Hobby Lobby and Many Other National Retailers
- Ideal Location at Signalized Intersection with 32,900 AADT - Adjacent to Walgreens and CVS
Investment Overview
Marcus & Millichap is proud to offer for sale the Take 5 oil change facility located in Dalton, Georgia at 2703 Airport Road. The site operates under an Absolute Triple Net (tenant is responsible for all repairs and maintenance) lease that is operated by Stella Blue Ventures, LLC which is a growing multi-unit franchisee with fifteen Take 5 locations across Georgia, Tennessee, North Carolina and Kentucky. The 10-year lease was originally signed in 2021 and currently is set to expire on October 31st, 2031. The lease includes 10% rent bumps every five years throughout the lease and the option periods. The property was built and opened for business in 2021 and the building is 1,500 square feet with three oil change bays. This site is ideally located at the intersection of Airport Road and East Walnut Avenue which are two main thoroughfares through east Dalton. There are over 64,000 residents who live within a five-mile radius of the Dalton Take 5 property.
Exclusively Listed By
Broker of Record
-
John M. Leonard
Senior Managing Director, Market Leader- Atlanta
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