For Sale
$4,893,943

930 Peachtree PkwyCumming, GA 30041

High-yield car wash, strong tenant.

Overview

Added:
Dec 11, 2024
Days on market:
115
This exceptional investment opportunity presents a fee-simple Mister Car Wash located at 930 Peachtree Parkway, Cumming, GA 30041. The property boasts 5,687 square feet on a 1.66-acre lot, built in 2016. It's situated in a high-traffic area with excellent visibility, adjacent to major retailers including Kroger, Publix, CVS, and more, ensuring consistent customer flow. The property benefits from a strong demographic profile, with affluent households exceeding $164,000 average annual income within a 5-mile radius and a population exceeding 152,000 within the same area. The current lease is a 20-year Triple Net (NNN) agreement with a corporate guarantee, expiring September 30, 2039, leaving 15.1 years remaining. The annual net operating income (NOI) is $342,576, representing a 7.00% cap rate on the $4,893,943 asking price. The lease includes annual rent increases of 1.50%, providing consistent growth potential. This is a rare opportunity to acquire a well-established, high-performing car wash in a prime location with significant long-term value. The property's strong tenant, favorable lease terms, and strategic location make it an ideal addition to any investment portfolio. The Forsyth County location offers a robust consumer car wash market, further enhancing the investment's appeal.

Highlights

  • Fee-simple Mister Car Wash, 5,687 SF on 1.66 acres, built in 2016, located at 930 Peachtree Parkway, Cumming, GA 30041.
  • High-traffic location with excellent visibility adjacent to Kroger, Publix, CVS, and other major retailers.
  • Strong demographics: Over 152,000 residents and average household income exceeding $164,000 within a 5-mile radius.

Property Details for 930 Peachtree Pkwy

Property type
Specialty properties, Car washes
Square Feet
5,687 SF
Year Built
2016
Lot Size (sq. ft)
72,310 SF

Location Insight

City
Cumming
County
Forsyth
State
Georgia
Latitude
34.1395359
Longitude
-84.1735561
930 Peachtree Pkwy, Cumming, Georgia

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930 Peachtree Pkwy
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