Franklin Street Listings iOS App
Mercury New Media, Inc.
Franklin Street is pleased to present this Mavis Tire in Warner Robins, Georgia. Warner Robins is located in central Georgia, in Houston County. From 2000 to 2010, the Warner Robins city population grew by 36.4%. Warner Robins is a part of the larger Macon-Warner Robins Combined Statistical Area, with a population of 417,473. Robins Air Force Base was built in 1942 just outside the city limits. Robins Air Force Base is one of the largest employers in the state of Georgia and directly contributes over 25,000 military, civil service, and contractor jobs to the local economy. It has provided economic stability for Warner Robins that has benefited the entire Middle Georgia community. Mavis Tire signed a 20-year lease commitment upon construction of the building which expires in 2036. In 2018 Mavis Tire merged with Kauffman Tire & Express Oil Change creating a company spanning 24 states and more than 830 locations. Mavis Discount Tire is now one of the largest independent multi-brand tire dealers in the United States.
• New Mavis Tire location in Warner Robins, GA• 18 Years remaining on NN lease• Mavis Tire has 830+ locations along the East Coast• Surrounded by national retailers: Publix, Lowes, Goodwill, Walgreens, among many others• Rapidly growing area near Robins Air Force Base• Strong traffic at intersection: 34,000 VPD combined
Fort Worth, TX
Franklin Street is proud to present this Family Dollar store located in a heavily traveled corridor of Fort Worth, Texas just west of the Dallas-Fort Worth International Airport. The investment opportunity is strategically positioned on the going home side of the road just off of Hwy 360, a major north-south commuter highway in the Metroplex. The property has excellent visibility and access and is surrounded by dense supportive residential neighborhoods. There are over 235,000 residents within a 5-mile radius. Family Dollar has executed a new 15-year NNN lease that has 12 years remaining, with all expenses being paid by the tenant. The lease offers landlord-friendly rent increases of 10% in Year 11 and every 5-year option period thereafter. The investment presents the opportunity to acquire a well-constructed building, leased to a strong national retailer with little or no management in one of the nation’s strongest metropolitan markets.
Pompano Beach, FL
Franklin Street is pleased to present this newly constructed Valvoline ground lease in Snellville, Georgia. Snellville is part of the Atlanta MSA which is made up of 6.5 million residents and projected to add another 1.5 million residents over the next 15 years. The property is centrally located on the strong corridor in Snellville at a lighted intersection. Scenic Highway corridor has 55,500 VPD and is home to traffic generating retailers including: Target, Publix, Kroger, Walmart, and Lowe's. Valvoline operates and franchises the No. 2 quick-lube chain by number of stores in the United States with more than 1,170 Valvoline Instant Oil ChangeSM centers. They have entered into a new 20-year ground lease with attractive 10% rental increases every 5 years. The opportunity allows an investor to get into a property with a long-term lease with a market leading credit tenant.
• New 20-Year NNN ground lease with Valvoline• Located in the heart of Snellville's retail district on pin corner• Excellent Visibility at a lighted intersection: 56,000 VPD on Scenic Hwy• 10% rental increases every 5 years throughout the lease• More than 1,170 locations nationwide• Strong same-store sales growth• Surrounded by national retailers: Target, Publix, Lowe's, Walmart, Kohl's, Kroger, and TJMaxx
This property is under contract as part of a buyside transaction. Please contact the brokers for more information.
Franklin Street is pleased to present Ellard Village in Alpharetta, Georgia. Alpharetta is an affluent northern suburb of the Atlanta MSA which includes 6.5M residents. Alpharetta is regularly ranked as one of the "Best Places to Live" by Forbes and the #1 City to relocate to. Alpharetta has become a technology hub with offices for AT&T, Verizon, McKesson, Equifax, Etrade, Microsoft, LexisNexis, among others. Ellard Village is a 70,269 SF mix-use center anchored by a CVS, with a strong synergy of daily use operators including fitness studios, restaurants, beauty salons, and offices which keeps residents coming to the property. The property is located on the heavily traveled Holcomb Bridge Road, which has 54,000 VPD. The area surrounding the property is one of the most affluent in the state of Georgia with $148,000 average household incomes, which supports the local businesses. National retailers surrounding the site include: Kroger, Goodwill, OrangeTheory, Studio Movie Grill, The Zoo Health Club, Starbucks, Chick-fil-A, among many others.
• 70,269 SF Mixed-use center in Atlanta MSA• Affluent Atlanta suburb: $148,000 Average household incomes• Strong mixture of daily use operators• Excellent visibility on Holcomb Bridge: 54,000 VPD• 94.57% leased with strong leasing momentum• High-end construction: 2007 construction costs for the buildings were ~$300 PSF• Ranked as the 6th fastest growing city• 66% of Alpharetta’s residents own a bachelor’s degree or higher, which is more than double the national average