930 Peachtree PkwyCumming, GA 30041

Property Details for 930 Peachtree Pkwy

Year built

2016

Lot size

1.66 AC

Property size (Sq ft)

5,572 SF

Zone code

CBD

Property type

Car washes

APN

108 643

APU

108643

Description

This exceptional investment opportunity presents a fee-simple Mister Car Wash located at 930 Peachtree Parkway, Cumming, GA 30041. The property boasts 5,687 square feet on a 1.66-acre lot, built in 2016. It's situated in a high-traffic area with excellent visibility, adjacent to major retailers including Kroger, Publix, CVS, and more, ensuring consistent customer flow. The property benefits from a strong demographic profile, with affluent households exceeding $164,000 average annual income within a 5-mile radius and a population exceeding 152,000 within the same area. The current lease is a 20-year Triple Net (NNN) agreement with a corporate guarantee, expiring September 30, 2039, leaving 15.1 years remaining. The annual net operating income (NOI) is $342,576, representing a 7.00% cap rate on the $4,893,943 asking price. The lease includes annual rent increases of 1.50%, providing consistent growth potential. This is a rare opportunity to acquire a well-established, high-performing car wash in a prime location with significant long-term value. The property's strong tenant, favorable lease terms, and strategic location make it an ideal addition to any investment portfolio. The Forsyth County location offers a robust consumer car wash market, further enhancing the investment's appeal.

• CAP approach

  CAP return

  Valuation

  6%

  $1,437,453

  6.5%

  $1,326,880

  7%

  $1,232,103

• Comparable approach

  Method

  Valuation

  Relative Method

  $2,738,923

  Geo Method

  $2,738,923

• Alternative Use

  Use

  Valuation

  Residential

  $1,119,273

  Hospitality

  $1,025,248

  Educational

  $852,994

  Medical

  $882,330

  Retail

  $1,326,880

Location Insight

City

Cumming

County

Forsyth

State

Georgia

Latitude

34.1396

Longitude

-84.1736

CBSA code

12060

CBSA name

ATLANTA-SANDY SPRINGS-MARIETTA, GA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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