For Sale
$4,922,000

18 Commerce PkwyAdairsville, GA 30103

High-yield, NNN-leased car wash in GA.

Overview

Added:
Dec 11, 2024
Days on market:
115
This exceptional investment opportunity presents a newly constructed (2023) Mr. Clean Car Wash located in Adairsville, Georgia. The property boasts a 20-year absolute NNN lease commencing March 27, 2024, and expiring March 31, 2044, with a remaining term of 19.5 years. The lease includes 10% rental increases every five years, ensuring consistent income growth. The 3,292 square foot car wash sits on a 0.94-acre lot and benefits from a strong NOI of $327,296, resulting in a 6.65% cap rate. The asking price is $4,922,000. This prime location along State Route 140 and Commerce Parkway, near the intersection of I-75 and US Route 41, enjoys exceptional visibility and access, with over 95,000 vehicles passing daily. Its proximity to major employers like Shaw Industries, Mohawk Industries, and Duluth Trading Company guarantees a substantial customer base. The car wash features a dual-lane drive-thru, 10 parking spaces, and 7 interior cleaning lanes with self-service vacuums. The property is situated in a rapidly growing area with projected population and income growth within a 5, 10, and 15-mile radius. This is a turnkey investment with minimal landlord responsibilities, making it an ideal addition to any portfolio. The property is suitable for a 1031 exchange.

Highlights

  • High-visibility location on State Route 140 (18,300 AADT) and Commerce Parkway.
  • Excellent location between I-75 (84,500 AADT) and US Route 41 (11,600 AADT).
  • Less than one mile from major employers Shaw Industries, Mohawk Industries, and Duluth Trading Company, totaling over 6,700 employees.
  • Located in Northwest Georgia's strong industrial and distribution center market.
  • Strong projected population and income growth within a five-mile radius over the next five years.
  • New 2023 construction featuring 10 parking spaces and 7 interior cleaning lanes with self-service vacuums.

Property Details for 18 Commerce Pkwy

Property type
Specialty properties, Car washes
Square Feet
3,292 SF
Year Built
2023
Lot Size (sq. ft)
40,946 SF

Location Insight

City
Adairsville
County
Bartow
State
Georgia
Latitude
34.3773881
Longitude
-84.9284817
18 Commerce Pkwy, Adairsville, Georgia

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?
Please email our support team at [email protected] and they will add the team member.
How do I access a private listing?
Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
How do I unsubscribe from emails?
At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].
18 Commerce Pkwy
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your first name
Please enter your last name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Select size
Please enter message