6740 Oakley Industrial BlvdUnion City, GA 30291

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

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.

• 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

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

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