For Sale
$5,304,788

18 Bailey Sta Cir Sharpsburg, GA 30277

High-Cap Rate Car Wash in Prime Location

Overview

Added:
Dec 11, 2024
Days on market:
137
This exceptional investment opportunity presents a thriving, single-tenant car wash located at 18 Bailey Sta Cir, Sharpsburg, GA 30277. The property boasts a substantial 3,411 square foot building situated on a 1.02-acre lot. Built in 2021, the car wash operates under a NNN lease with approximately 17 years remaining, featuring annual escalations, ensuring consistent and growing income. The property enjoys a strong 6.85% cap rate, generating a substantial Net Operating Income (NOI) of $363,378. Its prime location along Route 34, a high-traffic corridor with approximately 23,700 vehicles per day, provides exceptional visibility and accessibility. The car wash benefits from its proximity to a new Dunkin' and is situated within the thriving Metro Atlanta area, the 9th largest MSA in the U.S., characterized by a strong corporate presence, including nearby Amazon and HelloFresh distribution centers. The property's location within a dense retail corridor and attractive demographics further enhances its investment appeal. The universally recognized and growing brand of the car wash, coupled with the high industry growth and eligibility for bonus depreciation, makes this a compelling investment opportunity. The asking price for this exceptional property is $5,304,788.

Highlights

  • ±17 years remaining on NNN lease with annual escalations; 2021 construction.
  • Universally recognized and growing car wash brand.
  • Dense retail corridor with adjacent new Dunkin'.
  • Prime visibility on Route 34, ±23,700 vehicles per day (VPD).
  • Attractive demographics.
  • Located in Metro Atlanta, the 9th largest MSA in the U.S.

Property Details for 18 Bailey Sta Cir

Property type
Specialty properties, Car washes
Square Feet
3,411 SF
Lot Size (sq. ft)
44,431 SF

Location Insight

City
Sharpsburg
County
Coweta
State
Georgia
Latitude
33.4081336
Longitude
-84.6736148

FAQs

What type of property is this?
Specialty property - High-Cap Rate Car Wash in Prime Location
Where is the specialty property located?
The property is located at 18 Bailey Sta Cir Sharpsburg, GA.
What is the asking price?
The asking price for this property is $5,304,788.
What are key features of this property?
This property features: ±17 years remaining on NNN lease with annual escalations; 2021 construction.; Universally recognized and growing car wash brand.; Dense retail corridor with adjacent new Dunkin'.
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.
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18 Bailey Sta Cir
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