Lithia Springs, GA - Express Oil

Description:

SRS National Net Lease is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in an absolute NNN leased, Express Oil Change & Tire Engineers investment property located in Lithia Springs, Georgia. The tenant, Express Oil, Inc has approximately 17 years remaining on their lease with 4 (5-year) options to extend, demonstrating their commitment to the site. The lease features 7% rental increases every 5 years throughout the initial term and at the beginning of each option period, steadily growing NOI and hedging against inflation. The lease is absolute NNN with zero landlord responsibilities making it an ideal, management free investment opportunity for an out of state investor.

The Express Oil Change is located near the signalized, hard corner intersection of Thornton Rd and Maxham Rd with a combined (77,300 VPD). Thornton Rd, is the major retail thoroughfare serving the city of Lithia Springs. The Express Oil Change is an outparcel to the Village Westfork Shopping center that also features national/credit tenants including Kroger, Chase Bank, Popeyes, Chipotle, and more. The asset is adjacent to a multitude of Car Dealerships like Volkswagen, Honda, Nissan, CarMax, Chevrolet, & more. In addition, Express Oil Change is also across from Harbor Freight, Quiktrip, Wendy’s, Dunkin, and more. The property is in the heart of a Lithia Springs with other nearby national/credit tenants including a Walmart Supercenter, Home Depot, Food Dept, Walgreens, and more, further increasing consumer traffic to the site. The 5-mile trade area is supported by a population of over 110,830 with an average household income of $94,796.