For Sale
$3,260,870

4 Atlanta AveWinder, GA 30680

High-yield car wash, long-term lease.

Overview

Added:
Dec 11, 2024
Days on market:
115
This exceptional investment opportunity presents a fee-simple ownership of a thriving car wash located at 4 Atlanta Ave, Winder, GA 30680. The property boasts 2,240 square feet on a 1.11-acre lot, built in 2007. Currently operating under a single-tenant, absolute triple-net (NNN) lease with a corporate guarantee, the lease commenced August 19, 2024, and extends to December 31, 2040, representing a substantial 16.1 years of remaining lease term. The annual net operating income (NOI) is $225,000, yielding a compelling 6.90% cap rate. The asking price is $3,260,870, translating to $1,455.75 per square foot. The lease includes attractive annual rent increases of 1.50%, ensuring consistent and growing income. This well-established car wash offers a secure, passive income stream with significant long-term potential, making it an ideal addition to any investment portfolio. The property's prime location in Barrow County, Georgia, further enhances its appeal. This is a rare opportunity to acquire a high-performing, established business with a long-term lease and strong tenant.

Highlights

  • $3,260,870 asking price for a fee simple interest in a car wash.
  • Strong corporate guarantee provided by the tenant.
  • Long-term NNN lease with 16.1 years remaining, expiring December 31, 2040.
  • Annual rent of $225,000 with 1.5% annual increases.
  • 6.90% cap rate.
  • 2,240 square feet on a 1.11-acre lot in Winder, Georgia.

Property Details for 4 Atlanta Ave

Property type
Specialty properties, Car washes
Square Feet
2,240 SF
Year Built
2007
Lot Size (sq. ft)
48,352 SF

Location Insight

City
Winder
County
Barrow
State
Georgia
Latitude
33.9844394
Longitude
-83.7140841
4 Atlanta Ave, Winder, Georgia

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4 Atlanta Ave
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