Description

We are pleased to offer Wade Ford (Lithia Motors) at 3817 South Cobb Drive Southeast in Smyrna, Georgia, for sale at $3,400,000. The property totals approximately 2,289 SF and was built in 1971.

3817 South Cobb Drive is an established used-car dealership situated on approximately 2.21 acres in Smyrna, Georgia. The property serves as the preowned vehicle sales and inventory lot for the larger Wade Ford dealership located directly across the street. Originally developed as a Shoney’s restaurant, the property has since been adapted for automotive retail operations.

The property is subject to an Absolute NNN lease with Lithia Georgia Real Estate, LLC, and Lithia Motors, Inc. providing a passive ownership structure with no landlord responsibilities. The tenant is responsible for all property-related expenses, including taxes, insurance, utilities, maintenance, and structural and non-structural repairs. The large parcel provides significant vehicle display and inventory capacity, making the lot size a key feature of the offering.

Lithia Motors, Inc. purchased Wade Ford in 2023 and assigned and guaranteed the lease. The company is based in Oregon and has 466 dealerships selling 57 brands of automobiles. The stock is traded on the NYSE as LAD with a market CAP of $7.13 billio

Highlights include: Large 2.21 acre commercial parcel offering substantial space for vehicle display, inventory, and customer circulation; Leased to Lithia Georgia Real Estate, LLC, with a guaranty from Lithia Motors, Inc. which is traded on the NYSE (LAD) with a market CAP of $7.13 billion; Lithia Motors, Inc. is based in Oregon and has 466 dealerships in the U.S., Canada and UK, selling 57 brands of automobiles - www.lithia.com; Lithia Motors, Inc. purchase Wade Ford in 2023, which has been selling cars since 1933, and kept the name vs. rebranding; Absolute NNN lease structure, with the tenant responsible for property taxes, insurance, utilities, and all structural and non-structural maintenance; Current lease term through December 31, 2028, with 3% annual Base Rent increases and two additional three year renewal options extending the potential lease term through December 31, 2034; Established used-car dealership serving as the pre-owned vehicle lot for the larger Wade Ford dealership located directly across South Cobb Drive.

The property is strategically located along South Cobb Drive in Smyrna, Georgia, within Cobb County and the greater Atlanta metropolitan area. South Cobb Drive is an established commercial corridor serving automotive dealerships, retailers, service businesses, and the surrounding residential communities.

The site is positioned directly across from the larger Wade Ford dealership, allowing it to function as a complementary used-car sales and inventory location. Its substantial lot size, visibility along the corridor, and proximity to the main dealership support its continued automotive retail use

Elliott Kyle and Chase Murphy of Skyline Seven Real Estate represent this offering. We welcome inquiries and are glad to share additional property information, photos and terms on request. Please contact us to discuss the opportunity or arrange a tour..n.