For Sale
$4,439,714

71 Jessie Mae Thurmond ConnectorCleveland, GA 30528

High-return, NNN-leased car wash.

Overview

Added:
Dec 11, 2024
Days on market:
116
This exceptional investment opportunity presents a 1,298 sq ft Zips Car Wash in Cleveland, GA, boasting a 7.00% cap rate and a strong NOI of $310,780. The property, built in 2018 and situated on a 1.24-acre lot, benefits from an absolute NNN lease with a corporate guarantee from Zips Car Wash, a major national operator with over 280 locations. The lease has approximately 13.5 years remaining, featuring annual rent escalations based on the lesser of 1.5% or 1.25x CPI, and includes six 5-year renewal options, ensuring long-term stability and predictable income growth. The property's prime location along Appalachian Pkwy/US Route 129 (16,400 VPD) provides excellent visibility and accessibility, further enhanced by its proximity to a high-traffic Walmart Supercenter (2 million annual visitors, $91.1 million in sales) and Truett McConnell University (over 2,700 students). This strategic positioning within a thriving commercial corridor ensures consistent customer traffic and strong revenue generation. The asking price is $4,439,714, translating to a price per square foot of $3,420.43. The property is currently 100% occupied and is eligible for 60% 2024 Bonus Depreciation under the 2017 Tax Cuts and Jobs Act, offering significant tax advantages for investors. This presents a compelling investment opportunity with substantial upside potential.

Highlights

  • Absolute NNN leased Zips Car Wash in Cleveland, GA, with corporate guarantee.
  • Eligible for 60% 2024 Bonus Depreciation.
  • 13.5 years remaining on lease with annual rent escalations and six, five-year renewal options; corporate-backed credit.
  • High-traffic location on Appalachian Pkwy/US Route 129 (16,400 VPD).
  • Across from high-volume Walmart Supercenter (2 million annual visitors, $91.1 million in sales), next Walmart 12.5 miles away.
  • Near Truett McConnell University (over 2,700 students).

Property Details for 71 Jessie Mae Thurmond Connector

Property type
Specialty properties, Car washes
Square Feet
1,298 SF
Year Built
2018
Lot Size (sq. ft)
54,014 SF

Location Insight

City
Cleveland
County
White
State
Georgia
Latitude
34.5773405
Longitude
-83.7647162
71 Jessie Mae Thurmond Connector, Cleveland, Georgia

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?
Please email our support team at [email protected] and they will add the team member.
How do I access a private listing?
Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.
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.
How do I unsubscribe from emails?
At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].
71 Jessie Mae Thurmond Connector
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your first name
Please enter your last name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Select size
Please enter message