Tires Plus

9695 Main Street, Woodstock, GA 30188

$2,172,000

Cap Rate 7.25%

Views: 148 DOM: 242 Updated: 08.23.24 Posted: 04.05.24 Status: Active

Summary

Price $2,172,000	Built/Renov 2002	Tenant Tires Plus
Cap Rate 7.25%	Lease Type Abs NNN	Guarantor Corp T and Rated
Size/SF 5,328	Lease Start 06-01-2004	#Units 447
Price/SF $407.66	Expiration 05-31-2029	Tenant Type Automotive
NOI $157,500	R. Term 4.6	Ownership Fee Simple
Rent/SF $29.56	Increases 5.0%/5/yrs	Pop 5Mi 179,206
Lot/AC 0.76	Options 2/5yrs/5%	AHHI 5Mi $116,173

Robby Pfeiffer

Marcus & Millichap

Contact

Lease Highlights

Tires Plus has 5 years remaining on the current lease term with 2 (5-year) options to extend
The lease features 5% rental escalations throughout the initial term and option periods
Absolute NNN | Zero landlord responsibilities
Corporate guarantee | Investment grade tenant

Location Description

Tires Plus is strategically located on Highway 92, with access to a high daily traffic count of 49,300 vehicles. The property is surrounded by well-known national tenants such as Sam’s Club, Target, Home Depot, Kohl’s, Lowe’s, and more. The 5-mile trade area is supported by a population of 179,206 residents with an average household income of $116,173. Woodstock is a city in Cherokee County,...

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Key Features

Build to suit
In location for years
Dense retail corridor
Near major nationals
Top 100 MSA
Strong demographics
Absolute NNN
Accelerated depreciation
Traded and rated company
Investment grade tenant

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Links

Tires Plus Wikipedia Woodstock, Georgia Zip Code 30188 Broker Site Page

Maps

Local Information

1 Mile
3 Miles
5 Miles

Tenant

Tenant: Tires Plus Total Car Care
Guarantor:Corp T and Rated
Company:Bridgestone Retail Operations
# Units:447
Tenant S&P: A
Moody’s: A2
Stock: OTCMKTS: BRDCY

About Tenant

Tires Plus Total Car Care is an American chain of tire and automotive repair facilities. Their extensive network of stores carries thousands of tires for all vehicle types as well as offers...

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Demographics

	1 Miles	3 Miles	5 Miles
2028 Total Population :	8,749	71,314	196,112
2023 Total Population :	8,349	69,299	190,168
2023 Employed Civilian Pop :	4,321	36,919	102,184
2023 Total Businesses :	747	3,065	6,470
2023 Average Household Income :	$ 112,606	$ 117,407	$ 125,653
2023 Total Consumer Spending :	$ 339 M	$ 2660 M	$ 7503 M
2023 Median Age :	38	38	38
2023 Total Households :	3,526	26,356	69,756
2023 Pop Age 25+: Bachelor's Degree :	1,917	16,135	44,456
2023 Average Home Value :	$ 398,377	$ 381,863	$ 389,206

*ESRI data is presented for informational purposes only

Traffic

Collection Street	Cross Street	Year	Traffic Vol	Distance
Main Street	Alabama Rd	2019	23,900	0.03 mi
Main Street	Burch Rd	2019	26,600	0.38 mi
Alabama Rd	Indian Valley Dr	2016	63,100	0.62 mi
Main Street	Ingram St	2019	16,700	0.66 mi
Alabama Road	Village Trl	2019	49,300	0.73 mi
Alabama Road	Pkwy575	2018	66,700	0.73 mi
Alabama Road		2019	67,200	0.73 mi
Canton Rd	Farm Ridge Dr NE	2013	23,090	0.74 mi
		2016	18,000	0.90 mi
Tanglewood Trl	Driftwood Ct	2018	17,200	0.91 mi

Listing Broker

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