Loganville, GA - Take 5 Oil Change

Description:

• Tenant currently has 12 years remaining after recently exercising an extension with 4 (5-year) options to extend, demonstrating their commitment to the site
• There is a 10% rental increase upcoming in 24 months
• The corporate signed lease features 10% increases every 5 years and at the beginning of each option periods, growing NOI and hedging against inflation
• Take 5 Oil Change® expands total footprint to over 900 locations across the U.S. and Canada, with over 950 additional locations in pipeline, providing a multi-year runway for growth

• The subject property is located near the signalized, hard corner intersection of Atlanta Hwy and Lawrenceville Rd which combined average 58,800 VPD
• The asset is located directly across from Loganville Crossing, a 149,000+ SF shopping center, that is anchored by Kroger, Starbucks, and Smoothie King
• The site is located in a dense retail corridor, with numerous nearby national/credit tenants including Walmart Supercenter, Home Depot, Lowe’s, Petsmart, Publix, Starbucks, Taco Bell, Chipotle, Dick’s and many more
• Strong tenant synergy increases consumer draw to the immediate trade area and promotes crossover store exposure to the site
• The subject property has excellent visibility via significant street frontage and a large pylon sign