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Views: 16 DOM: 53 Updated: 04.22.24 Posted: 03.25.24 Status: Active

Summary

Price $3,056,435
Built/Renov 2023
Tenant Express Oil Change
Cap Rate 6.50%
Lease Type Abs NNN
Guarantor Corporate
Size/SF 4,600
Lease Start 05-01-2024
#Units 355
Price/SF $664.44
Expiration 04-30-2044
Tenant Type Automotive
NOI $198,668
R. Term 19.11
Ownership Fee Simple
Rent/SF $43.19
Increases 5.0%/5/yrs
Pop 5Mi 8,848
Lot/AC 1.08
Options 6/5yrs/5%
AHHI 5Mi $100,245

Lease Highlights

  • Brand-new 2023 construction
  • Express Oil Change to sign a new 20-year lease with 6 (5-year) options to extend upon close of escrow
  • The lease features 5% rental increases every 5 years
  • Absolute NNN | Zero landlord responsibilities
  • Corporate guaranteed lease

Location Description

Express Oil Change is strategically located on Eatonton Road, with access to 13,700 vehicles passing by daily. The property is situated within the Beacon Heights Shopping Center, anchored by Bealls, Ollie's Bargain Outlet, and Goodwill. Additionally, it is located along a dense retail corridor, with nearby national tenants including Walmart, Lowe's Home Improvement, Harbor Freight Tools, and...

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Maps

  • 1 Mile
  • 3 Miles
  • 5 Miles

Tenant

  • Tenant: Express Oil Change
  • Guarantor:Corporate
  • Company:BayPine LP
  • # Units:355
  • Stock:Private

About Tenant

Express Oil Change & Tire Engineers is an American automotive maintenance brand, with services including its signature 10-minute oil change, in addition to full-service mechanical, tires, brakes,...


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Demographics

  1 Miles 3 Miles 5 Miles
2028 Total Population : 997 7,117 9,686
2023 Total Population : 1,005 6,675 9,118
2023 Employed Civilian Pop : 448 3,226 4,400
2023 Total Businesses : 188 520 549
2023 Average Household Income : $ 91,359 $ 103,789 $ 105,228
2023 Total Consumer Spending : $ 28 M $ 241 M $ 323 M
2023 Median Age : 38 42 42
2023 Total Households : 358 2,658 3,511
2023 Pop Age 25+: Bachelor's Degree : 143 897 1,251
2023 Average Home Value : $ 430,350 $ 371,721 $ 375,245
*ESRI data is presented for informational purposes only

Traffic

Collection Street Cross Street Year Traffic Vol Distance
Eatonton Highway Fair Ground Rd 2019 13,300 0.06 mi
Brooks Pennington Byp Mary Magnan Blvd 2014 9,780 0.59 mi
Ward Road Bell Cir 2019 3,430 0.66 mi
Cox Road Eatonton Rd 2019 340 0.68 mi
Lions Club Road Cox Rd 2019 10,200 0.71 mi
Lions Club Road Cox Rd 2018 9,910 0.71 mi
Eatonton Rd Cox Rd 2016 12,400 0.80 mi
Eatonton Highway Amtico Rd 2019 21,000 0.81 mi
Atlanta Hwy Sulgrave Dr 2013 8,830 0.84 mi
Eatonton Road S Main St 2018 11,300 0.86 mi

Listing Broker

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