For Sale
$5,486,117

4840 Athens HwyLoganville, GA 30052

High-growth area, NNN lease, strong NOI.

Overview

Added:
Dec 11, 2024
Days on market:
115
This exceptional investment opportunity presents a thriving Mr. Clean Car Wash located at 4840 Athens Hwy, Loganville, GA 30052. The property sits on a 1.1-acre lot in a dense retail corridor, directly across from a Kroger grocery store. Built in 2021, the car wash boasts approximately 17.25 years remaining on a triple-net (NNN) lease, ensuring a passive income stream with annual rent escalations. The property generates a strong net operating income (NOI) of $375,799, resulting in an attractive 6.85% capitalization rate. The location benefits from excellent traffic counts, averaging approximately 39,700 vehicles per day. Further enhancing its appeal, the property is situated within the rapidly growing Metro Atlanta area, the 9th largest MSA in the U.S., experiencing an estimated 10% population growth over the next five years. The car wash business model is considered internet-proof, and the property is eligible for bonus depreciation, offering additional tax advantages. This is a rare opportunity to acquire a high-performing, nationally recognized brand in a prime location with significant long-term growth potential. The asking price for this exceptional investment is $5,486,117.

Highlights

  • 17.25 years remaining on a NNN lease with annual escalations; 2021 construction.
  • Investment-grade tenant with a nationally recognized and growing brand.
  • High traffic count of approximately 39,700 vehicles per day (VPD).
  • Located in a dense retail corridor across from a Kroger grocery store.
  • Strong projected population growth of approximately 10% within the next five years.
  • Situated in the Atlanta MSA, the 9th largest in the U.S.

Property Details for 4840 Athens Hwy

Property type
Specialty properties, Car washes
Lot Size (sq. ft)
47,916 SF

Location Insight

City
Loganville
County
Walton
State
Georgia
Latitude
33.833152
Longitude
-83.881174
4840 Athens Hwy, Loganville, Georgia

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4840 Athens Hwy
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