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33311573
33311572

9 HILLVIEW AVE SE, CARTERSVILLE, GA 30121

PD
CA CA 01797033
Deltondo Advisory Group Irvine
Listed by Deltondo Advisory Group Irvine
$5,100,000
1 day on market
Updated 1 day ago

Mach 1 Express Car Wash

Details
APN C101-0002-012
Property Type Special Purpose
Sub Type Car Wash
Square Footage 5,200
Net Rentable (SqFt) 5,200
Units 1
Cap Rate 6.76%
NOI $344,760
Occupancy 100%
Tenancy Single
Lease Type Absolute NNN
Lease Term 20
Lease Expiration 10/31/2042
Remaining Term 16.4
Rent Bumps Yes
Lease Options Four, 5 Year
Year Built 2022
Acreage 45553.000
Tenant Credit Corporate Guarantee
Lease Commencement 10/31/2022
Ground Lease No
Ownership Fee Simple

Bonus Depreciation Capability

Investment highlights

16.5-YEAR ABSOLUTE NET LEASE

Long-Term Lease Commenced October 13, 2022 And Structured On An Absolute-NNN Basis; Tenant Responsible For All Operating Expenses, Including Roof And Structure

FEE SIMPLE OWNERSHIP | PERSONAL & CORPORATE GUARANTY

Fee Simple Interest With Both Personal And Corporate Lease Guaranty

STRATEGIC RETAIL CORRIDOR LOCATION

Positioned Near Downtown Cartersville And Major Retail Arteries Serving Bartow County. Convenient Access To Interstate 75, Connecting Cartersville To Atlanta And Chattanooga

CONTRACTUAL 1.5% ANNUAL RENT INCREASES

Fixed Annual Rental Escalations Provide Predictable Income Growth Throughout The Primary Term And Renewal Periods. Primary Term Extends Approximately 16.5 Years With Four (4), Five-Year Renewal Options

2022 CONSTRUCTION INSTITUTIONAL-QUALITY

Purpose-Built 5,200 SF Tunnel Car Wash Delivered In 2022 On 1.03 Acres With Modern High-Throughput Design

GROWING NORTH METRO ATLANTA MARKET

Located Within The Expanding Atlanta- Sandy Springs-Roswell MSA, One Of The Largest And Fastest-Growing Metros In The Southeast

Listing Contacts

PD
CA CA 01797033
Deltondo Advisory Group Irvine
Listed by Deltondo Advisory Group Irvine

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Loan Amount
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Annual Debt Service
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Annual Cash Flow
$344,760.00
$28,730.00/mo

Valuation Metrics

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DSCR
6.76%
Cap Rate
6.76%
ROI

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