For Sale
$6,406,443

651 Riverstone PkwyCanton, GA 30114

Georgia Car Wash - Strong NOI

Overview

Added:
Dec 11, 2024
Days on market:
115
This exceptional investment opportunity presents a Mister Car Wash located at 651 Riverstone Pkwy, Canton, GA 30114. The property boasts a substantial 4,036 square feet building on a 2.09-acre lot, constructed in 2017. Currently operating at 100% occupancy, the property is under a Triple Net (NNN) lease with a corporate guarantee, providing significant security for investors. The lease commenced November 7, 2019, and has a remaining term of 15 years, expiring November 30, 2039. The annual net operating income (NOI) is $448,451, yielding an attractive 7.00% capitalization rate. The lease includes annual rent increases of 1.50%, ensuring consistent growth in income. This is a prime example of a stable, high-performing investment in a desirable location, offering a secure and lucrative return for the discerning investor. The property's strong tenant, long-term lease, and consistent income stream make it an ideal addition to any portfolio. This is a rare opportunity to acquire a well-established, high-performing car wash in a thriving market. The property's size and location provide excellent visibility and accessibility, contributing to its strong financial performance. The 15-year remaining lease term offers long-term stability and predictable cash flow.

Property Details for 651 Riverstone Pkwy

Property type
Specialty properties, Car washes
Square Feet
4,036 SF
Year Built
2017
Lot Size (sq. ft)
91,040 SF

Location Insight

City
Canton
County
Cherokee
State
Georgia
Latitude
34.2462479
Longitude
-84.4822038
651 Riverstone Pkwy, Canton, Georgia

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651 Riverstone Pkwy
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