For Sale
$4,887,037

2434 Broad St Athens, GA 30606

High-Yield Car Wash Investment

Overview

Added:
Dec 11, 2024
Days on market:
136
This exceptional investment opportunity presents a fee-simple ownership of a thriving Mammoth Car Wash located at 2434 W Broad St, Athens, GA 30606. The property boasts 2,700 square feet on a 0.91-acre lot, built in 2019. A strong 22.4-year Triple Net (NNN) lease, with over 16 years remaining until December 31, 2040, provides significant long-term stability. The lease commenced July 26, 2018, and features annual rent increases of 1.50%, currently generating a substantial Net Operating Income (NOI) of $334,823, representing a 6.85% cap rate. The asking price is $4,887,037, translating to $1,810.01 per square foot. The lease is secured by a corporate guarantee from Mammoth Holdings, LLC, a significant operator with 130+ units. This property qualifies for 15-year accelerated depreciation and bonus depreciation, offering further tax advantages. This is a rare opportunity to acquire a high-performing, low-maintenance asset with exceptional long-term growth potential in a desirable location. The absolute NNN lease structure eliminates landlord responsibilities, ensuring a passive income stream.

Property Details for 2434 Broad St

Property type
Specialty properties, Car washes
Square Feet
2,700 SF
Year Built
2019
Lot Size (sq. ft)
39,640 SF

Location Insight

City
Athens
County
Clarke
State
Georgia
Latitude
33.9481673
Longitude
-83.4176771

FAQs

What type of property is this?
Specialty property - High-Yield Car Wash Investment
Where is the specialty property located?
The property is located at 2434 Broad St Athens, GA.
What is the asking price?
The asking price for this property is $4,887,037.
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 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 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].
2434 Broad St
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