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RimTyme

1122 Hwy 138 SE, Conyers, GA 30013

Listing Price: $1,310,609

Cap Rate
5.75%
Tenant Name
RimTyme
Years Remaining On Lease
10.0
Gross SF
21,780
Guarantor
Franchisee Guarantee
Rentable SF
6,280
Price/Gross SF
$60.17
Lease Type
Absolute Net
Rent Per Square Feet
$12.00

Investment Overview

Marcus & Millichap is pleased to present RimTyme Custom Wheels and Tires, a 6,280 square foot free standing retail property in southeast suburban Atlanta. This single tenant offering is under a new 10 Year Triple Net (NNN) lease with two ?ve year renewal options and 10% rent increases every ?ve years. RimTyme is one of the fastest growing custom wheel and tire franchises in the United States and part of the world's largest rent-to-own company, Rent-A-Center. The property is located in Conyers Georgia just off Interstate 20 east of downtown Atlanta and 30 miles from Harts?eld-Jackson Atlanta International Airport. Situated next to a primary retail corridor, RimTyme of Conyers has visibility to over 42,000 vehicles per day. The area re?ects excellent demographics with a 5-Mile population of over 80,000 and average annual household incomes exceeding$76,000. The local area has experienced total population growth of 43% since 2000. Commercial property fundamentals are strong with market vacancy for retail properties in a 3-Mile radius of only 3.4%. Additionally, the submarket known as "Lithonia/Conyers" has demonstrated resilience in dif?cult market conditions with a reported 12 month rent growth of 8.8%.

Investment Highlights

  • New 10-Year Triple Net (NNN) Lease with No Landlord Responsibilities
  • 10% Rent Increases Every 5 Years and Two 5-Year Renewal Options
  • Situated in a Dense Retail Corridor with 42,000 AADT
  • 5 Mile Average Household Incomes exceed $76,000 with Pop Growth of 43%

Exclusively Listed By

Listing Price: $1,310,609

Cap Rate
5.75%
Tenant Name
RimTyme
Years Remaining On Lease
10.0
Gross SF
21,780
Guarantor
Franchisee Guarantee
Rentable SF
6,280
Price/Gross SF
$60.17
Lease Type
Absolute Net
Rent Per Square Feet
$12.00

Investment Highlights

  • New 10-Year Triple Net (NNN) Lease with No Landlord Responsibilities
  • 10% Rent Increases Every 5 Years and Two 5-Year Renewal Options
  • Situated in a Dense Retail Corridor with 42,000 AADT
  • 5 Mile Average Household Incomes exceed $76,000 with Pop Growth of 43%

Investment Overview

Marcus & Millichap is pleased to present RimTyme Custom Wheels and Tires, a 6,280 square foot free standing retail property in southeast suburban Atlanta. This single tenant offering is under a new 10 Year Triple Net (NNN) lease with two ?ve year renewal options and 10% rent increases every ?ve years. RimTyme is one of the fastest growing custom wheel and tire franchises in the United States and part of the world's largest rent-to-own company, Rent-A-Center. The property is located in Conyers Georgia just off Interstate 20 east of downtown Atlanta and 30 miles from Harts?eld-Jackson Atlanta International Airport. Situated next to a primary retail corridor, RimTyme of Conyers has visibility to over 42,000 vehicles per day. The area re?ects excellent demographics with a 5-Mile population of over 80,000 and average annual household incomes exceeding$76,000. The local area has experienced total population growth of 43% since 2000. Commercial property fundamentals are strong with market vacancy for retail properties in a 3-Mile radius of only 3.4%. Additionally, the submarket known as "Lithonia/Conyers" has demonstrated resilience in dif?cult market conditions with a reported 12 month rent growth of 8.8%.

Exclusively Listed By

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