2703 Airport Rd | Dalton, GA 30721
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2703 Airport Rd
Dalton, GA 30721
Take 5 (2021 Build/Fee Simple High Performer) · Retail Property For Sale
Investment Highlights
- Absolute NNN Lease - 10% Rent Bump in 2026
- More than 64,000 Residents Live within 5 Miles of the Subject Property
- Ideally Located at Intersection of Airport Road and East Walnut Avenue
- Property Situated within Walking Distance of Walmart, Dalton Mall, ALDI, Hobby Lobby and Many Other National Retailers
- Stella Blue Ventures Currently Operates 14 Take 5 Locations with Additional Site Under Development
Executive Summary
Marcus & Millichap is proud to offer for sale the Take 5 oil change facility located in Dalton, Georgia at 2703 Airport Road. The site operates under an Absolute Triple Net (tenant is responsible for all repairs and maintenance) lease that is operated by Stella Blue Ventures, LLC which is a growing multi-unit franchisee with fourteen Take 5 locations across Georgia, Tennessee, North Carolina and Kentucky. The 10-year lease was originally signed in 2021 and currently is set to expire on October 31st, 2031. The lease includes 10% rent bumps every five years throughout the lease and the option periods. The property was built and opened for business in 2021 and the building is 1,500 square feet with three oil change bays. This site is ideally located at the intersection of Airport Road and East Walnut Avenue which are two main thoroughfares through east Dalton. There are over 64,000 residents who live within a five-mile radius of the Dalton Take 5 property.
PROPERTY FACTS
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Auto Repair
Building Size
1,500 SF
Building Class
B
Year Built
2021
Price
£1,506,820
Price Per SF
£1,005
Net Initial Yield
6.25%
NOI
£94,176
Tenancy
Single
Number of Floors
1
Building FAR
0.03
Lot Size
1.19 AC
Zoning
C3C1 - General Commercial
Parking
8 Spaces (5.33 Spaces per 1,000 SF Leased)
Frontage
222 ft on Airport Road
PROPERTY TAXES
| Parcel Number | 12-242-32-000 | Improvements Assessment | £99,452 |
| Land Assessment | £59,872 | Total Assessment | £159,324 |
PROPERTY TAXES
Parcel Number
12-242-32-000
Land Assessment
£59,872
Improvements Assessment
£99,452
Total Assessment
£159,324
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