For Sale
$3,226,072

6740 Oakley Industrial Blvd Union City, GA 30291

High-ROI Net Lease Carvana in Atlanta MSA

Overview

Added:
Dec 11, 2024
Days on market:
127
This exceptional investment opportunity presents a 12,818-square-foot Carvana auto shop in Union City, Georgia, boasting a strong 7.50% cap rate and a substantial NOI of $241,955. Located on a 3.5-acre lot at 6740 Oakley Industrial Blvd, this property benefits from a corporate guarantee (NYSE: CVNA) and a 7-year net lease (NN) with 4.1 years remaining, including 2% annual rent bumps and option periods. Built in 2001 and renovated in 2021, the property enjoys 100% occupancy and is situated in a high-traffic area near major dealerships and industrial distribution centers, less than a mile from I-85 and Atlanta Metro Studios. The Atlanta MSA's robust growth, projected population increase, and high job creation further enhance this investment's appeal. The asking price of $3,226,072 represents a compelling $251.68 per square foot, below replacement cost. This prime location within a densely populated market offers significant long-term growth potential. The lease commenced December 20, 2021, and expires December 31, 2028, with renewal options available.

Highlights

  • Corporately guaranteed Carvana lease with over 4 years remaining in high-growth Union City, GA, a densely populated market 17 miles southwest of Atlanta.
  • Carvana (NYSE: CVNA), a leading e-commerce platform for used cars, provides financial strength and stability to this investment.
  • 7-year net lease (NN) with 2% annual rent increases and renewal options; $241,955 annual NOI and a 7.50% cap rate.
  • High-traffic location near major dealerships and I-85, exceeding 49,000 cars per day.
  • Proximity to major industrial distribution centers (Safelite, DHL, XPO Logistics, Kraft/Heinz, P&G) and Atlanta Metro Studios.
  • Located less than one mile from Interstate 85.

Property Details for 6740 Oakley Industrial Blvd

Property type
Retail properties, Auto shops
Square Feet
12,818 SF
Year Built/Renovated
2001/2021
Lot Size (sq. ft)
152,460 SF

Location Insight

City
Union City
County
Fulton
State
Georgia
Latitude
33.568814092161
Longitude
-84.522912836516
6740 Oakley Industrial Blvd, Union City, Georgia

FAQs

What type of property is this?
Retail property - High-ROI Net Lease Carvana in Atlanta MSA
Where is the retail property located?
The property is located at 6740 Oakley Industrial Blvd Union City, GA.
What is the asking price?
The asking price for this property is $3,226,072.
What are key features of this property?
This property features: Corporately guaranteed Carvana lease with over 4 years remaining in high-growth Union City, GA, a densely populated market 17 miles southwest of Atlanta.; Carvana (NYSE: CVNA), a leading e-commerce platform for used cars, provides financial strength and stability to this investment.; 7-year net lease (NN) with 2% annual rent increases and renewal options; $241,955 annual NOI and a 7.50% cap rate.
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6740 Oakley Industrial Blvd
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