6740 Oakley Industrial BlvdUnion City, GA 30291

  • Retail properties
  • 12,818 SF
For Sale
$3,226,072 View listing

Property Details for 6740 Oakley Industrial Blvd

Year built
2001
Lot size
3.50 AC
Property size (Sq ft)
12,818 SF
Zone code
M1
Property type
Retail properties
Property subtype
Other automotive properties
APN
09F140000611201
APU
09F140000611201

Description

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.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $2,396,648
    6.5%
    $2,212,290
    7%
    $2,054,270
  • Comparable approach

    Method
    Valuation
    Relative Method
    $6,300,704
    Geo Method
    $6,300,704
  • Alternative Use

    Use
    Valuation
    Residential
    $1,866,150
    Hospitality
    $1,709,383
    Educational
    $1,422,187
    Medical
    $1,471,098
    Retail
    $2,212,290
6740 Oakley Industrial Blvd, Union City, Georgia

Location Insight

City
Union City
County
Fulton
State
Georgia
Latitude
33.569
Longitude
-84.5233
CBSA code
12060
CBSA name
ATLANTA-SANDY SPRINGS-MARIETTA, GA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$18,065
$247,520
$392,480
$640,000
-
$618,800
$981,200
$1,600,000

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