For Sale
$5,299,000

11560 Alpharetta HwyRoswell, GA 30076

High-yield, corporate-guaranteed car wash.

Overview

Added:
Dec 11, 2024
Days on market:
115
This exceptional investment opportunity presents a fee-simple owned, 3,600 square-foot Take 5 Car Wash located at 11560 Alpharetta Hwy, Roswell, GA 30076. Built in 2020, this property boasts a prime location on a signalized, hard corner intersection of U.S. Hwy 19 (157,000 vehicles per day), within a dense retail corridor. The property sits on a 0.94-acre lot and is zoned CH - Commercial Heavy. The current lease is an absolute NNN, single-tenant agreement with a corporate guarantee, providing zero landlord responsibilities. The lease commenced January 1, 2023, and has a remaining term of 18.1 years, expiring December 28, 2042, with four 5-year renewal options. The current annual net operating income (NOI) is $331,224, representing a 6.25% cap rate and a price per square foot of $1,471.94. The asking price is $5,299,000. Rent increases are scheduled at 2% annually starting January 2029, throughout the initial term and option periods. This is the #1 ranked Take 5 location in Georgia according to Placer.ai, demonstrating exceptional performance and strong market position. The property offers significant upside potential due to its strong demographics within a 5-mile trade area and the built-in rent escalations. Bonus depreciation is also available. APN: 12 224005540431. 100% occupancy.

Highlights

  • 18+ years remaining lease term with corporate guarantee; scheduled rent increases; #1 ranked Take 5 location in Georgia (Placer.ai).
  • Absolute NNN lease; fee simple ownership; zero landlord responsibilities; bonus depreciation available.
  • High-traffic location on a signalized, hard corner intersection of US Hwy 19 (157,000 VPD) in a dense retail corridor.
  • Strong demographics within a 5-mile trade area; annual net operating income exceeding $331,000.

Property Details for 11560 Alpharetta Hwy

Property type
Specialty properties, Car washes
Square Feet
3,600 SF
Year Built
2020
Lot Size (sq. ft)
40,946 SF

Location Insight

City
Roswell
County
Fulton
State
Georgia
Latitude
34.0612329
Longitude
-84.3248898
11560 Alpharetta Hwy, Roswell, Georgia

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11560 Alpharetta Hwy
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