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33314719
33314718

170 Martin Luther King Junior Boulevard, Monroe, GA 30655

PD
CA CA 01797033
Deltondo Advisory Group Irvine
Listed by Deltondo Advisory Group Irvine
$4,800,000
1 day on market
Updated 1 day ago

Mister Car Wash

Details
Property Type Retail, Special Purpose
Sub Type Car Wash
Square Footage 3,138
Net Rentable (SqFt) 3,138
Cap Rate 6.25%
NOI $300,213
Occupancy 100%
Tenancy Single
Lease Type Absolute NNN
Lease Term 20.1
Lease Expiration 09/30/2039
Remaining Term 13.3
Rent Bumps Yes
Lease Options Two, 5-Year
Year Built 2009
Year Renovated 2019
Lot Size (SqFt) 28,750
Tenant Credit Corporate Guarantee
Lease Commencement 09/12/2019
Ground Lease No
Ownership Fee Simple

Shadow Anchored By Walmart & Home Depot

Investment highlights

13.5 YEARS REMAINING ABSOLUTE NET LEASE

Brand-Backed Lease With Zero Landlord Responsibilities; Tenant Responsible For All Operating Expenses, Maintenance, Roof & Structure

2009 CONSTRUCTION RENOVATED 2019

Modern Tunnel Car Wash Facility (3,138 SF) Situated On A 28,750 SF Parcel With Established Customer Base

1.5% ANNUAL RENT INCREASES STRATEGIC RETAIL CORRIDOR

Contractual Annual Increases Throughout Primary Term Provide Predictable NOI Growth Through 2039

CORPORATE TENANT GUARANTY FROM CAR WASH PARTNERS

Lease To Car Wash Headquarters, Inc. With Guaranty From Car Wash Partners, Inc., A Delaware Corporation Located Along One Of Monroe’s Major Thoroughfares With Connectivity To U.S. Route 78 (14,300 VPD) And Direct Access To Atlanta MSA

PART OF THE EXPANDING ATLANTA MSA

Monroe Sits Within The Atlanta Metropolitan Area between Atlanta and Athens — One Of The Largest And Fastest-Growing MSAs 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
$0.00
Annual Debt Service
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Annual Cash Flow
$300,213.00
$25,017.75/mo

Valuation Metrics

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DSCR
6.25%
Cap Rate
6.25%
ROI

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