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Vanguard Truck Centers, Forest Park, GA

Vanguard Truck Centers

GA, USA

Price $10,035,000
Cap Rate
NOI $557,820
Lease Term 20 Years
Lease Type Absolute NNN, with Tenant Responsible for All Taxes, Insurance, Utilities, and Maintenance, Including Roof, Structure, and Parking Lot
Rental Increases 2% Annual Rental Increases
Year Built 2018
Building Size 11,988 SF
Lot Size 12.55 Acres (546,678 SF)
Status Sold
Lead Broker Information 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

Vincent Aicale
Cushman & Wakefield
415.690.5522
vince.aicale@cushwake.com
CA RE License #01728696

Ryan Forsyth
Cushman & Wakefield
415.413.3005
ryan.forsyth@cushwake.com
CA RE License #01716551

Investment Highlights

NEW 20-YEAR ABSOLUTE NNN LEASE WITH ANNUAL RENTAL INCREASES
» New 20-year NNN lease guaranteed by Vanguard Truck Centers
» Absolute NNN lease requires no landlord management, ideal for an out-of-area investor
» Rare Annual rental increases, providing an excellent hedge against inflation

DIRECTLY BENEFITS FROM THE E-COMMERCE BOOM
» The market for new heavy-duty trucks is growing at an unprecedented pace as fleet owners race to keep up with the accelerating U.S. freight demand
» E-commerce usage and the warehouse boom has put stress on the supply chain, creating a high demand for truck and trailer parking
» Trucking companies ordered 35,600 trucks in May, more than double the orders from the same month one year ago

STRATEGIC LOCATION WITH CONVENIENT ACCESS TO MAJOR FREEWAYS
» Location offers truck service, sales, repairs, rentals, and storage
» Immediate access to Interstate 285 (148,000 AADT)
» Nearby access to several interstate highways and major thoroughfares, including Interstate 75 (218,000 AADT), Interstate 675 (82,000 AADT), and Interstate 85 (139,000 AADT)

CLOSE PROXIMITY TO COMPLIMENTARY INDUSTRIAL TENANTS AND THE BUSIEST AIRPORT IN THE WORLD
» Major industrial tenants in the surrounding area include J.B. Hunt Transport Services, Loomis, AgroSciences, Pratt, DHL, Sanofi, McLane Company, UPS, and FedEx
» Close to the industrial operations of several notable trucking companies—including ABF Freight, B.A.H. Express, Old Dominion Freight Line, TCW, Roadrunner Transportation Systems, and many others—providing an excellent customer base
» Approximately two miles from Hartsfield-Jackson International Airport, the world’s busiest airport

STRONG LOCATION IN DENSELY POPULATED ATLANTA MSA
» Forest Park/Clayton County function as a major marketing hub and distribution point within the Atlanta area
» Metro Atlanta is the most populous metro area in Georgia and the ninth largest MSA in the U.S.


Property Description

SOLD

The property is conveniently located on Ruskin Drive, just off of Jonesboro Road, which has a traffic count of 28,970 vehicles per day near the property and provides immediate access to Interstate 285 (148,000 AADT). The property also benefits from nearby access to several other interstate highways and major thoroughfares, including Interstate 75 (218,000 AADT), Interstate 675 (82,000 AADT), and Interstate 85 (139,000 AADT). The property is located in a dense industrial area, with close proximity to many complimentary companies. Major industrial tenants in the surrounding area include J.B. Hunt Transport Services, Inc., a Fortune 500 company and one of the largest transportation logistics companies in North America; Loomis, the largest integrated cash distribution network in the United States; Dow AgroSciences, the agricultural unit of The Dow Chemical Company; Pratt, the world’s largest, privately-held 100% recycled paper and packaging company; and several distribution centers for well-known companies like DHL, Sanofi, McLane Company, UPS, and FedEx. Additionally, the property is close to the industrial operations of several notable trucking companies—including ABF Freight, B.A.H. Express, Old Dominion Freight Line, TCW, Roadrunner Transportation Systems, and many others—providing an excellent customer base for Vanguard’s commercial truck parts, preventative maintenance, and repair services. Most importantly, the property is located approximately two miles from Hartsfield-Jackson International Airport, which has been the world’s busiest airport for 20 consecutive years. In 2017, the airport handled 691,269 metric tons of cargo and served nearly 104 million passengers.

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