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

Specialty properties

Property subtype

Car washes

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

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].