1035 Parkway BlvdAthens, GA 30606

Property Details for 1035 Parkway Blvd

Year built

2019

Lot size

0.71 AC

Property size (Sq ft)

3,855 SF

Property type

Retail properties

Property subtype

Other specialty properties

Description

This exceptional investment opportunity presents a fee-simple Mister Car Wash located at 1035 Parkway Blvd, Athens, GA 30606. The property boasts a substantial 3,855 square feet building on a 0.71-acre lot, built in 2019. Currently operating under a 20-year triple-net (NNN) lease with 15.1 years remaining, offering significant long-term stability and minimal landlord responsibilities. The lease features annual rent increases of 1.50%, ensuring consistent income growth. The current annual net operating income (NOI) stands at $353,349, translating to an attractive 7.00% capitalization rate. This property benefits from its strategic location within a thriving retail corridor, surrounded by major national retailers including Walmart, Lowe's, Kohl's, Chick-fil-A, Costco, Kroger, The Home Depot, and Starbucks, guaranteeing high visibility and consistent customer traffic. Furthermore, this investment qualifies for 15-year accelerated depreciation and bonus depreciation, offering considerable tax advantages (consult a Certified Public Accountant for details). The corporate guarantee provides additional security for this single-tenant, fee-simple ownership opportunity. This is a rare chance to acquire a high-performing, low-maintenance asset with substantial long-term growth potential. The asking price is $5,047,843.

Location Insight

City

Athens

County

Oconee

State

Georgia

Latitude

33.9216

Longitude

-83.4415

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