For Sale
$5,559,577

262 Ga-515 Blairsville, GA 30512

Profitable Car Wash in Georgia

Overview

Added:
Dec 11, 2024
Days on market:
137
This exceptional investment opportunity presents a thriving Mr. Clean Car Wash located at 262 GA-515, Blairsville, Georgia 30512. The property boasts a strong financial performance, with a current Net Operating Income (NOI) of $380,831 and a compelling 6.85% capitalization rate. The asking price is $5,559,577. This single-tenant, NNN-leased property offers significant long-term value, featuring approximately 18 years remaining on the lease, with favorable 1.25% annual escalations. The car wash benefits from its prime location in a dense retail corridor, directly across from a Home Depot and Ingles, ensuring high visibility and consistent customer traffic. Situated along US Hwy 76, the property enjoys approximately 21,200 vehicles per day (VPD) passing by, providing excellent exposure. Furthermore, the property's accessibility is enhanced by entry points from two different roads. The car wash is part of a universally recognized and growing brand within a high-growth industry, making it an attractive investment. The property is also eligible for bonus depreciation, offering additional tax advantages. This is a rare opportunity to acquire a well-established, high-performing car wash in a desirable location with significant upside potential.

Highlights

  • 18-year NNN lease remaining with 1.25% annual escalations.
  • Investment-grade tenant with a nationally recognized and growing brand.
  • Excellent location in a dense retail corridor, directly across from Home Depot and Ingles.
  • High visibility on US Hwy 76, a major thoroughfare with approximately 21,200 vehicles per day.
  • Convenient access from two different roads.
  • Strong industry growth in the area.

Property Details for 262 Ga-515

Property type
Specialty properties, Car washes

Location Insight

City
Blairsville
County
Union
State
Georgia
Latitude
34.8794044
Longitude
-83.9556142

FAQs

What type of property is this?
Specialty property - Profitable Car Wash in Georgia
Where is the specialty property located?
The property is located at 262 Ga-515 Blairsville, GA.
What is the asking price?
The asking price for this property is $5,559,577.
What are key features of this property?
This property features: 18-year NNN lease remaining with 1.25% annual escalations.; Investment-grade tenant with a nationally recognized and growing brand.; Excellent location in a dense retail corridor, directly across from Home Depot and Ingles.
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.
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262 Ga-515
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