6740 Oakley Industrial BlvdUnion City, GA 30291
- Retail properties
- 12,818 SF
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
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
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
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