Listed by Cushman & Wakefield - Sacramento, California
$5,041,000
Mr. Clean Car Wash | Adairsville, GA
Details
Property Type Special Purpose
Sub Type Car Wash, Automotive
Square Footage 3,292
Cap Rate 7.75%
NOI $390,643
Tenancy Single
Lease Type Absolute NNN
Lease Term 20
Lease Expiration 03/30/2044
Remaining Term 19.5
Rent Bumps Yes
Broker Co-Op Yes
Year Built 2023
Acreage 0.940
Lease Commencement 03/26/2024
Ground Lease No
Sale Condition 1031 exchange
New 20-year Abs NNN Lease | 95,000 AADT | 10% Rental Increases Every 5 Years
Marketing description
New 20 Year Absolute NNN Lease with 10% Rental Increases Every 5 Years
Zero Landlord Management with Strong Guarantees
Near Several Major Employers including Shaw Industries, Mohawk Industries, Duluth Trading Company and many others
Prominent location near the junction of U.S. Route 41 and Interstate 75 with over 95,000 combined vehicles per day
Growing area with population and average household income projected to grow within 5, 10 and 15 mile radii
New High Quality 2023 Construction with Dual-Lane Drive Thru
Investment highlights
- Exceptional Visibility and Access: This Mr. Clean Car Wash is located along State Route 140 (18,300 AADT) and Commerce Parkway
- Excellent Location: Situated between two major Georgia thoroughfares: Interstate 75 (84,500 AADT) and U.S. Route 41 (11,600 AADT)
- Beneficial Proximity to Large Industrial Employers: The site is less than 1 mile from industrial employers such as Shaw Industries, (3,200 employees), Mohawk Industries (3,200 employees), and Duluth Trading Company (300+ employees), exposing this car wash service to a large customer base
- Set in Northwest Georgia: Northwest Georgia (known as the Carpet Capital of the World) contains many traffic generators as it is home to many industrial facilities and distribution centers, providing an opportunity for fleet cleaning
- Growing Demographics: The anticipated population and income growth within a five-mile radius over the next five years presents a favorable backdrop the concurrent growth of Mr. Clean Car Wash and Adairsville
- New 2023 Construction: This brand new Mr. Clean Car Wash is built to the latest prototype and features 10 total parking spaces and 7 interior cleaning lanes with self-service vacuums, providing additional customer convenience
Listing Contacts
Listed by Cushman & Wakefield - Sacramento, California
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$390,643.00
$32,553.58/mo
Valuation Metrics
0
DSCR
7.75%
Cap Rate
7.75%
ROI
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