Wade Ford (Lithia Motors)

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.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 billion.