170 Martin Luther King Jr Blvd - Car Washes FOR SALE
Monroe, GA 30655 |
$4,162,929 USD
332-345-4222
170 Martin Luther King Jr Blvd
Monroe, GA 30655
HIGHLIGHTS
- Long-Term Triple Net (NNN) Lease Over 15 years of term remaining on the initial 20-year lease with zero landlord responsibilities
- Bonus Depreciation This property qualifies for 15-year accelerated depreciation as well as bonus depreciation
- Dense Retail Corridor Positioned within a dense retail corridor with many major national retailers including Walmart, The Home Depot, and many more
OVERVIEW
NNN Pro is pleased to present the exclusive listing for a Mister Car
Wash located at 170 Martin Luther King Blvd, Monroe, GA 30655.
The site consists of roughly 3,097 rentable square feet of building
space on an estimated 0.66-acre parcel of land. This Mister Car
Wash is subject to a 20-year Triple Net (NNN) lease. The current
annual rent is $291,405 and has scheduled increases of 1.50%
Annually.
FOR SALE DETAILS
PRICE
$4,162,929 USD
PRICE/SF
$1,344 USD /SF
CAP RATE
7%
% LEASED
-
TENANCY
-
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY NAME
Mister Car Wash
PROPERTY TYPE
Specialty
PROPERTY SUBTYPE
Car Washes
TOTAL BUILDING SIZE
-
STORIES
1
BUILDING CLASS
B
YEAR BUILT
2010
SPRINKLERS
-
PARKING SPACES
-
LAND DETAILS
LAND ACRES
0.66 AC
LAND SF
28,750 SF
ZONING
B3
APN/PARCEL ID
M001000000002A00
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332-345-4222
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332-345-4222
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