930 Peachtree PkwyCumming, GA 30041

  • Retail properties
  • 5,572 SF
For Sale
$4,893,943 View listing

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
Retail properties
Property subtype
Other 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.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • 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
930 Peachtree Pkwy, Cumming, Georgia

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

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2024
$14,021
$394,416
$177,376
$571,792
-
$986,040
$443,440
$1,429,480

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