Volkswagen Dealership - Buford, GA

3711 Buford Drive, Buford, GA, 30519, US

Description

JLL is pleased to exclusively offer for sale the AutoNation Volkswagen Mall of Georgia (the “Property“) located in Buford, GA (Atlanta MSA). The Property is fully occupied by AutoNation, subject to an Absolute NNN lease with more than 5 years of term remaining, annual 3% rent escalations, and an additional 4.23 AC “car storage” parcel two blocks away. Located roughly 35 miles north of downtown Atlanta, Buford is widely considered as one of the region’s most desirable and fastest-growing communities. Since 2010 alone, the 3-mile population has grown by 56%. Positioned along Buford Drive (70,000+ VPD), the Property is surrounded by a plethora of commercial activity which includes the Mall of Georgia, the 4th busiest regional mall in the nation with over 7 million annual shoppers. Additionally, the city of Buford was recognized as the #1 school district in the nation , per Niche 2024.

AutoNation is the largest automotive retailer in the nation with over 300 dealerships and service centers. The subject location is Georgia’s #1 Volkswagen dealership & service center and has been recognized as a 2024 CARFAX Top-Rated Dealer for the sixth year in a row.

This offering provides investors with a unique opportunity to acquire a premier dealership asset with exceptional yield and annual rent growth occupied by a leading automotive retailer.

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Caractéristiques de l'actif

Surface de l'actif Net

3 918 m²

Année de construction

2010

WALT

5 années

Média

Points clés d'investissement

LEADING AUTOMOTIVE RETAILER & TOP-RATED LOCATION

AutoNation is the largest automotive retailer in the nation with 323 locations
Investment grade credit rating (BBB-)
This location is Georgia’s #1 Volkswagen dealership & service center and has been recognized as a 2024 CARFAX Top-Rated Dealer for the sixth year in a row.

PRIME LOCATION WITH EXCELLENT VISIBILITY

Situated along Buford Drive with clear visibility to more than 70,000 VPD
Positioned between a Walmart Supercenter, Sams Club, and the Mall of Georgia, the fourth busiest regional mall in the nation with over 7 million annual visits
Immediate access to interstate 985 & 85 with connectivity to downtown Atlanta and other major metros throughout the region
In addition to the primary dealership/service center Property, an additional 4.23 AC car storage parcel is also included in the offering

THRIVING MARKET WITH STRONG DEMOGRAPHIC PROFILE

The surrounding 3-mile radius comprises a population of 57,817 residents, a 56% growth since 2010
Average annual household incomes within 3-miles exceed $125,000
Buford City Schools was ranked as the top school district in the U.S. in a 2024 Niche study.

FAVORABLE LEASE ECONOMICS WITH ANNUAL GROWTH

AutoNation recently extended its commitment to this location by exercising its first, 5-year option period
The lease features annual 3% rent escalations, delivering a strong hedge against inflation
Absolute NNN lease structure provides landlord with a steady cash flow stream and zero responsibilities