1780 Buford Hwy - Car Washes FOR SALE


Cumming, GA 30041
$6,073,000 USD
480-221-4221
1780 Buford Hwy, Cumming, GA for Sale
$6,073,000 USD
Car Washes - FOR SALE
1/9
null | 6.25% Cap Rate

1780 Buford Hwy
Cumming, GA 30041


HIGHLIGHTS

  • 18 Years Remaining | Annual Rental Increases | Corporate Guaranty | Well-Known & Established Brand
  • Absolute NNN Lease | Fee Simple Ownership | Zero Landlord Responsibilities
  • Strategically Located Along Buford Hwy. (33,000 VPD) | U.S. Highway 19 (75,000 VPD) | Excellent Visibility & Access | Significant Street Frontage
  • Affluent Atlanta Suburb | Direct Consumer Base | Strong Demographics in 5-Mile Trade Area
  • Dense, Regional Retail Corridor | Strong National/Credit Tenant Presence

OVERVIEW

SRS National Net Lease is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in an absolute NNN leased, Mister Car Wash investment property located in Cumming, Georgia (Atlanta MSA). The tenant has approximately 18 years remaining on its current lease term with 5 (5-year) options to extend. The lease features 1.5% annual rental increases, steadily growing NOI and hedging against inflation. The lease is guaranteed by a subsidiary of the corporate entity and is absolute NNN with zero landlord responsibilities, making this an ideal, management-free investment opportunity for a passive investor. Mister Car Wash is a leading car wash brand with over 420 locations across the United States.

FOR SALE DETAILS

PRICE

$6,073,000 USD

PRICE/SF

$1,446 USD /SF

CAP RATE

6.25%

% LEASED

-

TENANCY

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Mister Car Wash | 18yrs Remain Corp Abs NNN

PROPERTY TYPE

Specialty

PROPERTY SUBTYPE

Car Washes

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

C

YEAR BUILT

2012

SPRINKLERS

-

PARKING SPACES

42

LAND DETAILS

LAND ACRES

1.61 AC

LAND SF

70,132 SF

ZONING

Commercial

APN/PARCEL ID

200-068

ASK ABOUT THIS PROPERTY

Patrick LutherSRS National Net LeaseMore Info
480-221-4221

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Patrick LutherSRS National Net LeaseMore Info
480-221-4221

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.