SOLD – Enterprise Rent-A-Car

Marketing Description

• Trophy location within the Marietta market
• Store has relocated from another location within the trade area
• Tenant has over 20-year operating history in the trade area
• Property located on one of the primary commercial corridors in the Marietta, GA market
• Traffic Counts
• Whitlock Ave: 27,568
• Conveniently located along a primary retail corridor within the market
• Area retailers include:
• Kroger, Lidl, Goodwill, Dollar Tree, and more
• Across the street from Cobb County Government Center
• Located less than half a mile from Marietta High School with almost 2,200 students

Investment Highlights

• NNN Lease
• Zero Landlord Responsibilities during initial term
• 5-year initial term
• 3, 5-year options
• 5.5% Rental increases with each option
• Corporately guaranteed lease
• Investment grade tenant:
• Standard & Poors: A-
• Moody’s: Baa1
• DBRS: A
• Parent company: Enterprise Holdings
• Revenue (2020): $22.5 Billion
• Tenant spent $165,000 to renovate the property and building
• Work Included: Roof replacement and repair, car wash station equipment, interior build out