Express Oil Change

650 Thornton Road, Lithia Springs, GA 30122

$2,786,000

Cap Rate 5.65%

DOM: 458 Updated: 10.23.24 Posted: 01.30.24 Status: Active

Summary

Price $2,786,000	Built/Renov 1999	Tenant Express Oil Change
Cap Rate 5.65%	Lease Type Abs NNN	Guarantor Corporate
Size/SF 3,457	Lease Start 04-11-2022	#Units 352
Price/SF $805.90	Expiration 04-10-2042	Tenant Type Automotive
NOI $157,383	R. Term 16.11	Ownership Fee Simple
Rent/SF $45.53	Increases 7.0%/3/yrs	Pop 5Mi 109,420
Lot/AC 1.26	Options 4/5yrs/7%	AHHI 5Mi $87,586

Lease Highlights

Express Oil Change & Tire Engineers have 17 years remaining on the current lease term with 4 (5-year) options to extend
The lease features 7% rental increases every 5 years throughout the initial term and each option period
Absolute NNN lease | Zero landlord responsibilities
Corporate guarantee lease

Location Description

Express Oil Change is strategically located on Thornton Road, offering excellent access, visibility, and a daily traffic count of 45,900 vehicles. This property is conveniently located within an ideal auto corridor, with around 20+ auto-related tenants within walking distance, including 9 car/motorcycle dealerships. Moreover, it's within 1 mile of an I-20 on-ramp/off-ramp (with a traffic count...

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Key Features

Build to suit
Dense retail corridor
Near major nationals
Top 100 MSA
Strong demographics
Long 15+ yr lease
Absolute NNN
Accelerated depreciation
Corporate Guarantee
Over 1000 units backed

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Links

Express Oil Change & Tire Engineers Wikipedia Express Oil Change Wikipedia Lithia Springs, Georgia Zip Code 30122 Broker Site Page

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Local Information

1 Mile
3 Miles
5 Miles

Tenant

Tenant: Express Oil Change
Guarantor:Corporate
Company:BayPine LP
# Units:352
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 :	6,803	46,126	113,043
2023 Total Population :	6,854	45,585	110,204
2023 Employed Civilian Pop :	4,045	23,760	55,542
2023 Total Businesses :	463	1,582	3,677
2023 Average Household Income :	$ 65,825	$ 79,056	$ 87,488
2023 Total Consumer Spending :	$ 172 M	$ 1206 M	$ 3163 M
2023 Median Age :	32	35	35
2023 Total Households :	2,970	17,413	41,476
2023 Pop Age 25+: Bachelor's Degree :	814	5,914	14,926
2023 Average Home Value :	$ 207,680	$ 248,576	$ 265,360

*ESRI data is presented for informational purposes only

Traffic

Collection Street	Cross Street	Year	Traffic Vol	Distance
Thornton Rd	W Market Cir	2003	40,230	0.04 mi
Maxham Road	Creekside Cir	2021	31,500	0.40 mi
Maxham Road	Creekside Cir	2019	31,600	0.40 mi
Thornton Road	Westfork Blvd	2018	45,800	0.43 mi
Maxham Rd Exd	Creekside Cir	2013	26,790	0.49 mi
		2004	854	0.57 mi
Cardell Road	Keith Dr SW	2018	5,920	0.71 mi
Cardell Road	Keith Dr SW	2021	7,130	0.71 mi
Thornton Rd	Blair Way	2013	59,190	0.85 mi
Old Alabama Road	S Barbara Ln	2021	5,220	0.93 mi

Listing Broker

Aron Cline

Berkeley Capital Advisors

Contact

177 Listings
48085 Views
59 Sold

Calvin Short

Berkeley Capital Advisors

Contact

187 Listings
50114 Views
61 Sold

Aron Cline

Specializing in Single Tenant Net Lease and Shopping Centers, Aron Cline leads Berkeley Capital Advisors’ West Coast Office. Since 2011, Aron has been actively engaged in the commercial real estate space. Over the last decade, he and his team have been regarded as one of the most active brokerage teams in the country - having brokered over 1,300 transactions totaling $3.5 billion. His dedication and success have earned him the trust of some of the country’s top institutions, developers, high ne

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Calvin Short

Calvin Short joined Berkeley Capital Advisors in 2021 and leads the West Coast capital markets group. Since joining Berkeley, Calvin has been a part of closing 1,400 separate transactions with $4 billion in sales volume. Prior to Berkeley, Calvin served as Senior Vice President at Matthews REIS where he was consistently ranked within Matthews’ top five producing agents. In 2012, he graduated from The University of San Diego with a B.A. in Real Estate Finance. Calvin has spent the past 10 years

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