Automotive Dealership Facility +

RETAIL FOR SALE
Former Saturn dealership
Automotive Dealership Facility
+/-15,375 sq ft
$2,300,000
Automotive Dealership Facility
in Morrow, Georgia
Table of Contents
Executive Summary
3
Property Information
4
Floor Plan
5
Photos
6
Retail Aerial View
7
Close-Up Aerial
8
Location Aerial and Map
9
Dealership Pro-Forma
10
Site Map
11
Broker Profile
12
For more information, please contact:
Frank W. Meyrath, Jr.
VP | Retail Capital Markets
(404) 876-1640 x 129
[email protected]
Bull Realty, Inc.
50 Glenlake Parkway
Suite 650
Atlanta, GA 30328
P. 2 of 12
Information contained herein may have been provided by outside sources and while deemed to be reliable, may be estimated, projected, subject to change, and/or
limited in scope, and therefore should not be relied upon as accurate. Information should be independently confirmed within an applicable due diligence period.
Automotive Dealership Facility
in Morrow, Georgia
Executive Summary
Automotive Dealership Facility | High Volume Location
Unique opportunity to acquire an Automobile Dealership property located in car dealership row around some of the
most successful dealerships in Metro Atlanta. This property offers potential as a high volume used car dealership, or an
expansion of a new car operation. See illustrative Pro Forma.
The property has good visibility on a level site. Surrounding dealerships have had image updates, which puts this
property in good company for a franchise or used dealership operation. In addition to the large open showroom,
fenced property, display for approximately 150 vehicles, the property has a service and detail facility.
The approximately 15,375 sq ft facility was constructed in 1994 and was formerly a Saturn dealership. It sits on +/- 2.58
acres and is within two miles of Southlake Mall, I-75 and about 7 miles south of I-285. Average daily traffic is
approximately 22,000 vehicles per day on Jonesboro Road, and over 100,000 vehicles per day on I-75.
Note: This is a sale of the real estate and facility only (current tenant will vacate in advance of the sale).
Offered for SALE at $2,300,000
P. 3 of 12
Information contained herein may have been provided by outside sources and while deemed to be reliable, may be estimated, projected, subject to change, and/or
limited in scope, and therefore should not be relied upon as accurate. Information should be independently confirmed within an applicable due diligence period.
Automotive Dealership Facility
in Morrow, Georgia
Property Information
Property Details
Address
7230 Jonesboro Road
Morrow, GA 30260
County
Clayton
Property Size
Zoning
Year Built
Street Frontage
+/- 15,375 sq ft
GB
1994
209 feet on Jonesboro Road (with 2 curb cuts)
Parking
250 free surface spaces are available
Features
Dedicated Turn Lane, Pylon Sign
Occupancy
Price
100% Leased
$2,300,000
P. 4 of 12
Information contained herein may have been provided by outside sources and while deemed to be reliable, may be estimated, projected, subject to change, and/or
limited in scope, and therefore should not be relied upon as accurate. Information should be independently confirmed within an applicable due diligence period.
Automotive Dealership Facility
in Morrow, Georgia
Floor Plan
First Floor
Second Floor
P. 5 of 12
Information contained herein may have been provided by outside sources and while deemed to be reliable, may be estimated, projected, subject to change, and/or
limited in scope, and therefore should not be relied upon as accurate. Information should be independently confirmed within an applicable due diligence period.
Automotive Dealership Facility
in Morrow, Georgia
Photos
P. 6 of 12
Information contained herein may have been provided by outside sources and while deemed to be reliable, may be estimated, projected, subject to change, and/or
limited in scope, and therefore should not be relied upon as accurate. Information should be independently confirmed within an applicable due diligence period.
Automotive Dealership Facility
Retail Aerial View
Subject Property
The property is located across from the 2nd highest volume used auto dealer (Hennessy Mazda Pontiac GMC Truck),
near the 9th highest volume SUV dealer (Terry Cullen Southlake Chevrolet, Inc.) and close to the 4th highest volume
new car dealership (Landmark Dodge) in Atlanta.
Source: Experience Automotive data reported in the 2012 Atlanta Business Chronicle Book of Lists.
P. 7 of 12
Information contained herein may have been provided by outside sources and while deemed to be reliable, may be estimated, projected, subject to change, and/or
limited in scope, and therefore should not be relied upon as accurate. Information should be independently confirmed within an applicable due diligence period.
Automotive Dealership Facility
in Morrow, Georgia
Close-Up Aerial
P. 8 of 12
Information contained herein may have been provided by outside sources and while deemed to be reliable, may be estimated, projected, subject to change, and/or
limited in scope, and therefore should not be relied upon as accurate. Information should be independently confirmed within an applicable due diligence period.
Automotive Dealership Facility
in Morrow, Georgia
Location Aerial and Map
P. 9 of 12
Information contained herein may have been provided by outside sources and while deemed to be reliable, may be estimated, projected, subject to change, and/or
limited in scope, and therefore should not be relied upon as accurate. Information should be independently confirmed within an applicable due diligence period.
Automotive Dealership Facility
in Morrow, Georgia
Dealership Pro-Forma
Pro forma (for illustration only) (a)
60 day turn / 150 vehicles inventory
Avg Inventory Value
Annual Sales
Gross
Rent Factor
% of sales
10%
(b)
12,500
11,250,000
1,125,000
15,000
13,500,000
1,350,000
17,500
15,750,000
1,575,000
142,393
1.3%
142,393
1.1%
142,393
0.9%
Net Profit
(c)
2%
225,000
270,000
315,000
Net Profit
(c)
5%
562,500
675,000
787,500
(a) Pro forma is for illustration only and depends among other factors on the ability of the operator and market trends including availability of inventory and financing.
(b) Assumes $2.3M purchase price, 25% down, 5.5% rate, 20 yr amortization.
(c) Profit opportunities include front & back on vehicle sales, vehicle prep/reconditioning, service/fixed operations and detailing.
Background information believed to be accurate but not warranted. Financial projections are provided for general reference and illustrative purposes only and are not to be relied on. Each prospective purchaser is to rely upon its own investigation, evaluation and judgment as to the advisability of
purchasing the Property described herein.
Click here for Zoning information
P. 10 of 12
Information contained herein may have been provided by outside sources and while deemed to be reliable, may be estimated, projected, subject to change, and/or
limited in scope, and therefore should not be relied upon as accurate. Information should be independently confirmed within an applicable due diligence period.
Automotive Dealership Facility
in Morrow, Georgia
Site Map
P. 11 of 12
Information contained herein may have been provided by outside sources and while deemed to be reliable, may be estimated, projected, subject to change, and/or
limited in scope, and therefore should not be relied upon as accurate. Information should be independently confirmed within an applicable due diligence period.
Automotive Dealership Facility
in Morrow, Georgia
Broker Profile
FRANK W. MEYRATH, Jr.
Frank Meyrath is Vice President of Bull Realty’s National Retail Group. Mr. Meyrath’s
primary focus as a professional real estate advisor is representing buyers and sellers
in the acquisition, disposition and financing of retail properties in the Southeast.
With a fifteen year successful track record in real estate and automotive finance,
Mr. Meyrath has produced over $200 million in recent transactions and credit
facilities for automotive dealers including: floorplan financing, real estate and
construction loans along with term debt and acquisition financing.
Frank W. Meyrath, Jr.
VP | Retail Capital Markets
(404) 876-1640 x 129
[email protected]
Bull Realty, Inc.
50 Glenlake Parkway
Suite 650
Atlanta, GA 30328
Prior to joining Bull Realty, Mr. Meyrath worked at Ally Bank and provided financing
for automotive dealers throughout the Southeast. He quickly developed a reputation
as the “go-to” person to get deals over the finish line. As one investment manager
put it, “Frank is tenacious at getting deals done.”
Originally licensed in 2000, Mr. Meyrath received his undergraduate in Business
Administration from the University of Georgia and his MBA in Finance from the
University of Michigan-Dearborn.
“Bull Realty is a U. S. commercial real estate sales and advisory firm with three
offices, headquartered in Atlanta, Georgia”
•
•
•
Specific broker teams specialize in either retail, office, industrial, multi-family,
land, medical, automotive, net lease, hospitality or special asset services.
Bull Realty marketing services includes video, social media and radio for
appropriate properties.
The firm sponsors and hosts the Commercial Real Estate Show, a national talk
radio show about commercial real estate which airs on twelve radio stations
throughout the nation, and is available on iTunes and the show website
www.CREshow.com.
P. 12 of 12
Information contained herein may have been provided by outside sources and while deemed to be reliable, may be estimated, projected, subject to change, and/or
limited in scope, and therefore should not be relied upon as accurate. Information should be independently confirmed within an applicable due diligence period.