Stan Johnson Company Brokers 1031 Exchange Sale of a Dual-Income Investment Property in Metro Atlanta


Stan Johnson Company, one of commercial real estate’s leading investment sales brokerage firms, has completed the sale of a single-tenant net lease retail property located at 2544 Wesley Chapel Road in Decatur, Georgia. The 1,678-square-foot property was fully leased to Take 5 Oil Change, a fast-growing automotive concept and included an income producing billboard. Stan Johnson Company’s Jeff Enck represented the seller, a group of locally based individual investors. The property was acquired by a 1031 exchange franchisee buyer for approximately $1.1 million reflecting a 5.55 percent cap rate.

“Despite the lack of credit on the franchisee tenant and the short-term leases, we were able to procure multiple offers on the property and close at full asking price in 30 days,” said Enck, Associate Director in Stan Johnson Company’s Atlanta, Georgia office. “The net lease retail sector continues to show increased strength with investors looking to hedge against the sharp rise in inflation. We look for this trend to continue in the short term and possibly level off modestly as changes are made to monetary policy.”

The tenant operates on an absolute triple net lease, and the site also offers income from a billboard leased to Clear Channel. The property is well positioned along a highly trafficked, low vacancy area with neighboring retailers including Home Depot, Kroger, Chick-fil-A, Planet Fitness and more. The site is located just 15 minutes from downtown Atlanta.

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About Stan Johnson Company:

Stan Johnson Company is one of the nation’s leading commercial real estate brokerage and advisory firms that focuses on investment sales transactions involving retail, office, industrial, healthcare, and specialty properties. The firm and its affiliates provide acquisition, disposition, sale leaseback, capital markets, and advisory services for institutions, developers, investment funds, corporate occupiers, and private investors across the United States. With a historic focus in the single-tenant net lease sector, Stan Johnson Company is now in its fourth decade of operation and has expanded its service platform in order to better serve its valued clients. The firm has completed more than $45 billion in transactions nationwide and continues to be regarded as the Net Lease Authority® as it focuses on continued growth and expansion into other industry sectors and services.