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CHEVRON & DUNKIN’, South Fulton, GA (Atlanta MSA)

CHEVRON & DUNKIN’

Price $4,096,000
Cap Rate 6.25%
NOI $256,000
Lease Term Various
Lease Type Various
Rental Increases Various
Year Built 2020
Building Size 5,932 SF
Lot Size 1.65 acres (71,908 SF)
Status Available
Lead Broker Information Vince Aicale
Executive Director
415.690.5522
vince.aicale@cushwake.com
CA RE License #01728696

Ryan Forsyth
Executive Director
415.413.3005
ryan.forsyth@cushwake.com
CA RE License #01716551

Michael T. Yuras, CCIM
Cushman & Wakefield
415.481.0788
michael.yuras@cushwake.com
CA RE License #01823291

Scott Crowle
Senior Director
415.604.4288
scott.crowle@cushwake.com
CA RE License #01318288

Investment Highlights

100% LEASED TWO-TENANT RETAIL ASSET WITH GREAT REAL ESTATE FUNDAMENTALS
» 10% rental increases every five years in initial term and option periods, providing a hedge against inflation
» Multi-tenant retail asset allows for investment diversification of complimentary mix of “Amazon-proof” retailers
» Guaranteed leases for both Chevron & Dunkin’, allows a safety net for the Landlord
» Chevron tenant has demonstrated history of highly successful gas station operations (50 owned stations, $12.9 million net worth)
» New 2020 construction landlord obligations reimbursed, which is ideal for an out-of-area investor

HIGH-TRAFFIC LOCATION ADJACENT TO NEW PUBLIX CENTER
» Hard-corner location at a signalized intersection, with 13,490 AADT directly in front of the property on Campbellton Fairburn Road
» 62,290 residents within a five-mile radius, providing a wide customer base
» Directly across from Parkway West Commerce Center (570,988 SF of industrial space – currently under construction)
» Walking distance from Arcadia at Parkway Village (260 units) and Woodbridge at Parkway Village (150 units)
» Located on State Route 92, a major north-south thoroughfare traversing Georgia
» 191 percent population increase since 2000, illustrating a significant expansion of the immediate area surrounding the site

NEAR LARGE SCHOOLS, RETAILERS, AND COMMUNITY ATTRACTIONS
» Within five miles of seven schools with a combined enrollment of 7,130 students
» Adjacent to Publix-anchored shopping center, increasing the traffic to the site
» Surrounded by a strong mix of national and local retailers, including McDonald’s, Zaxby’s, Advance Auto Parts, and more
» Gateway to Atlanta, the ninth largest metropolitan area in the U.S.
» Central location between the Georgia Renaissance Festival (250,000 annual visitors), Hartsfield-Jackson Atlanta International Airport (the world’s busiest airport by passenger traffic, $23 billion economic impact), and Chattahoochee River (2.7 million annual visitors, $167 million economic impact)



Property Description

The property is strategically located at the hard corner of Campbellton Fairburn Road and Hall Road, with excellent visibility and access to 13,490 vehicles per day directly in front of the location. Campbellton Fairburn Road serves as one of the city’s primary retail and transportation corridors. The site resides in a densely populated and growing area, with 62,290 residents living within a five-mile radius of the location and a 191 percent population increase in South Fulton since 2000. The property is also located on State Route 92, a major north-south thoroughfare traversing Georgia. Visibility and traffic are increased by the site’s location within walking distance from Arcadia at Parkway Village (260 units) and Woodbridge at Parkway Village (150 units).

The property benefits from the site’s proximity near large schools, retailers, and community attractions. The location resides within five miles of seven schools with a combined enrollment of 7,130 students. The site is immediately adjacent to a Publix-anchored shopping center and surrounded by strong mix of national and local retailers, including McDonald’s, Zaxby’s, Advance Auto Parts, and more. The city of South Fulton is a highly trafficked gateway to Atlanta, the ninth largest metropolitan area in the U.S. The property is centrally located between the site of the Georgia Renaissance Festival (250,000 annual visitors), Hartsfield-Jackson Atlanta International Airport (the world’s busiest airport by passenger traffic, $23 billion economic impact), and Chattahoochee River (2.7 million annual visitors, $167 million economic impact).

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