11110 State Bridge RdJohns Creek, GA 30022
- Retail properties
- 4,608 SF
Property Details for 11110 State Bridge Rd
- Year built
- 2013
- Construction
- WOOD
- Lot size
- 1.34 AC
- Property size (Sq ft)
- 4,608 SF
- Zone code
- C1C
- Property type
- Retail properties
- Property subtype
- Other car washes
- APN
- 11 036001290999
- APU
- 11036001290999
Description
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.
Valuation
by Paperhouses methods
- Valuation date:
- Dec 11, 2024
-
CAP approach
- CAP return
- Valuation
- 6%
- $1,188,762
- 6.5%
- $1,097,319
- 7%
- $1,018,939
-
Comparable approach
- Method
- Valuation
- Relative Method
- $2,265,068
- Geo Method
- $2,265,068
-
Alternative Use
- Use
- Valuation
- Residential
- $925,630
- Hospitality
- $847,872
- Educational
- $705,419
- Medical
- $729,680
- Retail
- $1,097,319
Location Insight
- City
- Alpharetta
- County
- Fulton
- State
- Georgia
- Latitude
- 34.0558
- Longitude
- -84.2305
- CBSA code
- 12060
- CBSA name
- ATLANTA-SANDY SPRINGS-MARIETTA, GA METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
FAQs
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