For Sale
$2,137,000

3471 Cobb PkwyAcworth, GA 30101

Exceptional NNN Ground Lease Investment

Overview

Added:
Dec 11, 2024
Days on market:
115
This exceptional investment opportunity presents a top-performing Take 5 Oil change location, consistently ranking among the brand's highest-grossing sites nationwide. Built in 2019, this newer construction boasts a highly desirable, absolute NNN ground lease structure, eliminating all landlord responsibilities. The current 15-year lease includes a built-in 10% rent increase every five years, ensuring consistent and growing income throughout the initial term and options. The tenant, a rapidly expanding franchisee with a development agreement to open 41 stores by 2026 (17 currently operating, with plans for 8+ more by year-end), demonstrates exceptional operational strength and future growth potential. The property enjoys a prime, signalized hard-corner location with outstanding visibility and access, benefiting from over 69,000 vehicles per day. Situated within a thriving retail corridor anchored by major big-box retailers including Walmart, Home Depot, Target, Kohl's, Lowe's, Kroger, Ross, Petco, Michaels, and PetSmart, this location is surrounded by a dense and affluent population. Within a 10-minute drive, approximately 89,000 residents boast an average household income exceeding $131,000. Further strengthening the location's appeal is its proximity to North Cobb High School (approximately 2.5 miles), serving over 2,750 students, and a robust population growth of over 17% since 2010 within a 15-minute radius. The tenant operates a "Stay in your Car, 10-Minute Oil Change" model, a contactless and COVID-resistant business model with limited upselling. The tenant's sub-4% rent-to-sales ratio underscores the exceptional performance and profitability of this location. This is a rare opportunity to acquire a high-performing asset in a rapidly growing market with a secure, long-term lease.

Highlights

  • Top-performing Take 5 Oil Change location, consistently ranking among the brand's highest-grossing sites nationwide; sub-4% rent-to-sales ratio.
  • 2019-built property with strong operational history.
  • Absolute NNN ground lease; zero landlord responsibilities.
  • New 15-year lease with 10% rent increases every five years.
  • Rapidly expanding franchisee with a development agreement for 41 stores by 2026 (17 currently operating, 8+ more planned by year-end).
  • Prime, signalized hard-corner location with over 69,000 vehicles per day (VPD).

Property Details for 3471 Cobb Pkwy

Property type
Retail properties, Auto shops
Square Feet
2,148 SF
Class
B
Year Built
2019
Buildings
1
Lot Size (sq. ft)
30,056 SF

Location Insight

City
Acworth
County
Cobb
State
Georgia
Latitude
34.0394054
Longitude
-84.6928126
3471 Cobb Pkwy, Acworth, Georgia

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3471 Cobb Pkwy
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