For Sale
$5,241,000

10 Ford WayCarrollton, GA 30116

High-yield, NNN-leased car wash in prime location.

Overview

Added:
Dec 11, 2024
Days on market:
115
This exceptional investment opportunity presents a fee-simple interest in a 4,160 square foot, freestanding Tommy's Express Car Wash located in Carrollton, Georgia, within the Atlanta MSA. Situated on a 1.33-acre lot at 10 Ford Way, this property boasts a prominent position on Bankhead Highway, a major thoroughfare with approximately 34,500 vehicles per day. The property benefits from a 15-year absolute NNN lease with a reputable national brand, Tommy's Express Car Wash, ensuring minimal landlord responsibilities. The lease includes 10% rent bumps every five years, providing consistent income growth. Built in 2018, the car wash enjoys 100% occupancy and generates a strong net operating income (NOI) of $380,000, representing a 7.25% cap rate. The asking price is $5,241,000. The property includes 24 parking spaces and is zoned for commercial use. Its strategic location is surrounded by numerous national retailers, including Chick-fil-A, Express Oil Change, and others, serving a population of over 46,500 residents within a 5-mile radius. This investment qualifies for bonus depreciation benefits. The property's parcel number is C04-022-0054. This is a rare opportunity to acquire a high-performing, low-maintenance asset in a rapidly growing market.

Highlights

  • Absolute NNN lease with no landlord responsibilities.
  • 15-year lease term with rent increases of 10% every five years.
  • Tommy's Express Car Wash, a national brand with over 202 locations.
  • Prime location in the Atlanta MSA on Bankhead Highway (34,500 vehicles per day).
  • 1.33-acre parcel.
  • Qualifies for bonus depreciation.

Property Details for 10 Ford Way

Property type
Specialty properties, Car washes
Square Feet
4,160 SF
Year Built
2018
Lot Size (sq. ft)
57,935 SF

Location Insight

City
Carrollton
County
Carroll
State
Georgia
Latitude
33.595980926986
Longitude
-85.037523990846
10 Ford Way, Carrollton, Georgia

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10 Ford Way
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