For Sale
$4,169,229

11110 State Bridge RdJohns Creek, GA 30022

Georgia Car Wash - Strong NOI

Overview

Added:
Dec 11, 2024
Days on market:
115
This exceptional investment opportunity features a Mister Car Wash located at 11110 State Bridge Rd, Alpharetta, GA 30022, in Fulton County. The property boasts 3,635 square feet on a 1.34-acre lot and was built in 2015. Currently operating under a Triple Net (NNN) lease with a corporate guarantee, the lease commenced November 7, 2019, and has a remaining term of 15 years, expiring November 30, 2039. The property enjoys 100% occupancy, generating a substantial Net Operating Income (NOI) of $291,846 annually, representing a compelling 7.00% capitalization rate. The asking price is $4,169,229. The lease includes annual rent increases of 1.50%, providing consistent growth potential. This single-tenant property offers a secure, passive income stream with significant long-term value. The property's prime location in Johns Creek, Georgia, ensures high visibility and accessibility for customers. This is a rare opportunity to acquire a well-established, high-performing car wash with a strong tenant and a long-term lease. The property's financial performance and lease structure make it an attractive investment for discerning buyers seeking stable returns and appreciation potential.

Highlights

  • $4,169,229 asking price for a Mister Car Wash in Alpharetta, GA.
  • 7.00% cap rate with a strong $291,846 annual net operating income (NOI).
  • 3,635 square foot building on a 1.34-acre lot.
  • 20-year NNN lease with a corporate guarantee, 15 years remaining.
  • 100% occupancy with annual rent increases of 1.50%.
  • Built in 2015.

Property Details for 11110 State Bridge Rd

Property type
Specialty properties, Car washes
Square Feet
3,635 SF
Year Built
2015
Lot Size (sq. ft)
58,370 SF

Location Insight

City
Johns Creek
County
Fulton
State
Georgia
Latitude
34.0557356
Longitude
-84.2304968
11110 State Bridge Rd, Johns Creek, 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].
11110 State Bridge Rd
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