For Sale
$5,468,000

2745 Powder Springs Rd Marietta, GA 30064

High-yield, 18+ year NNN lease. Prime Marietta location.

Overview

Added:
Dec 11, 2024
Days on market:
136
This exceptional investment opportunity presents a fee-simple ownership of a 3,206 square foot, single-tenant car wash in Marietta, Georgia. Built in late 2022, the property boasts a 20-year absolute NNN lease with a corporate guarantee from Tidal Wave Auto Spa, the 4th largest conveyor car wash company in the US, currently operating in 28 states and expanding to 31 by year-end. The lease commenced on January 1st, 2023, with rent commencing December 31st, 2022, and includes 2% annual rent increases. The remaining lease term is 18.1 years, extending to December 31st, 2042, with five, 5-year renewal options. The property sits on a 1.86-acre lot and enjoys excellent visibility and access from Powder Springs Road, a high-traffic area with nearly 30,000 vehicles per day. Its strategic location is directly across from a Walmart Supercenter and within two miles of a major retail corridor including Lowe's, Target, T.J. Maxx, and a Wellstar Cobb Medical Center. The property generates a strong NOI of $374,544, yielding an 8.63% average cap rate over the remaining lease term. The asking price is $5,468,000. This recession-resistant business model benefits from 65% recurring subscription revenue. The property's location within a dense, affluent area with over 87,600 residents and an average household income exceeding $112,500 within a 10-minute drive further enhances its investment appeal. The property is eligible for bonus depreciation (confirmation with a CPA is recommended).

Highlights

  • Long-term, passive investment opportunity: 20-year absolute NNN lease with 18+ years remaining.
  • Corporately guaranteed lease by Tidal Wave Auto Spa, a top-4 national conveyor car wash company.
  • 2% annual rent increases; 8.63% average return over remaining lease term.
  • New construction (late 2022); 3,206 SF building on a 1.86-acre lot.
  • High visibility location on Powder Springs Road (nearly 30,000 VPD), across from a Walmart Supercenter.
  • Fee-simple ownership eligible for bonus depreciation.

Property Details for 2745 Powder Springs Rd

Property type
Specialty properties, Retail properties
Square Feet
3,206 SF
Class
B
Year Built
2022
Buildings
1
Lot Size (sq. ft)
81,022 SF
Units
1

Location Insight

City
Marietta
County
Cobb
State
Georgia
Latitude
33.8649703
Longitude
-84.6343006

FAQs

What type of property is this?
Specialty property - High-yield, 18+ year NNN lease. Prime Marietta location.
Where is the specialty property located?
The property is located at 2745 Powder Springs Rd Marietta, GA.
What is the asking price?
The asking price for this property is $5,468,000.
What are key features of this property?
This property features: Long-term, passive investment opportunity: 20-year absolute NNN lease with 18+ years remaining.; Corporately guaranteed lease by Tidal Wave Auto Spa, a top-4 national conveyor car wash company.; 2% annual rent increases; 8.63% average return over remaining lease term.
How can I contact the broker?
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2745 Powder Springs Rd
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