For Sale
$4,961,786

125 Athens HwyLoganville, GA 30052

High-yield, NNN-leased car wash.

Overview

Added:
Dec 11, 2024
Days on market:
115
This exceptional investment opportunity presents a 3,848 sq ft, 100% occupied, Zips Car Wash in Loganville, GA. Located on a 1.13-acre lot at a signalized intersection of Athens Hwy/US Route 78 (34,000 vehicles per day), this property boasts a strong location within a thriving retail corridor. The absolute NNN lease with a corporate guarantee provides significant security, featuring 13.5 years remaining and annual rent bumps tied to the lesser of 1.5% or 1.25x CPI. Six 5-year renewal options further enhance long-term stability. The property generates a substantial NOI of $347,325, representing a 7.00% cap rate on the $4,961,786 asking price. Built in 2016, this car wash benefits from its proximity to major national retailers like Hobby Lobby, Lowe's, Dick's Sporting Goods, Walmart Supercenter (generating $95.9M in annual sales and attracting 2.4 million visitors annually), and The Home Depot. The surrounding area showcases above-average household incomes exceeding $124,500 within a 5-mile radius, with affluent neighborhoods featuring homes valued between $500,000 and $1,000,000. The property is also conveniently located near Loganville High School. This investment is eligible for 60% 2024 bonus depreciation under the 2017 Tax Cuts and Jobs Act. This presents a compelling opportunity for investors seeking a secure, high-performing asset with significant long-term potential.

Highlights

  • Absolute NNN lease, corporate-guaranteed Zips Car Wash in Loganville, GA.
  • Signalized, 1.2-acre corner lot on Athens Hwy/US Route 78 (34,000 VPD).
  • 13.5 years remaining on lease with annual rent increases and six 5-year renewal options; corporate-backed credit.
  • Eligible for 60% 2024 bonus depreciation.
  • Prime location in thriving retail corridor with national retailers including Hobby Lobby, Lowe's, Dick's Sporting Goods, Walmart Supercenter ($95.9M annual sales), and Home Depot.
  • Above-average household income over $124,500 within a 5-mile radius; affluent neighborhoods with homes priced $500K-$1M.

Property Details for 125 Athens Hwy

Property type
Specialty properties, Car washes
Square Feet
3,848 SF
Year Built
2016
Lot Size (sq. ft)
49,223 SF

Location Insight

City
Loganville
County
Gwinnett
State
Georgia
Latitude
33.8500847
Longitude
-83.9169756
125 Athens Hwy, Loganville, Georgia

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125 Athens Hwy
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