10 Ford WayCarrollton, GA 30116

Property Details for 10 Ford Way

Year built

2018

Construction

STEEL FRAME

Lot size

1.33 AC

Property size (Sq ft)

4,160 SF

Zone code

C2

Property type

Retail properties

Property subtype

Other car washes

APN

C04-022-0054

APU

C040220054

Description

This exceptional investment opportunity presents a fee-simple interest in a 4,160 square foot, freestanding Tommy's Express Car Wash located in Carrollton, Georgia, within the Atlanta MSA. Situated on a 1.33-acre lot at 10 Ford Way, this property boasts a prominent position on Bankhead Highway, a major thoroughfare with approximately 34,500 vehicles per day. The property benefits from a 15-year absolute NNN lease with a reputable national brand, Tommy's Express Car Wash, ensuring minimal landlord responsibilities. The lease includes 10% rent bumps every five years, providing consistent income growth. Built in 2018, the car wash enjoys 100% occupancy and generates a strong net operating income (NOI) of $380,000, representing a 7.25% cap rate. The asking price is $5,241,000. The property includes 24 parking spaces and is zoned for commercial use. Its strategic location is surrounded by numerous national retailers, including Chick-fil-A, Express Oil Change, and others, serving a population of over 46,500 residents within a 5-mile radius. This investment qualifies for bonus depreciation benefits. The property's parcel number is C04-022-0054. This is a rare opportunity to acquire a high-performing, low-maintenance asset in a rapidly growing market.

• CAP approach

  CAP return

  Valuation

  6%

  $919,521

  6.5%

  $848,789

  7%

  $788,161

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,988,970

  Geo Method

  $2,044,853

• Alternative Use

  Use

  Valuation

  Residential

  $715,985

  Hospitality

  $655,838

  Educational

  $545,650

  Medical

  $564,416

  Retail

  $848,789

Location Insight

City

Carrollton

County

Carroll

State

Georgia

Latitude

33.5967

Longitude

-85.0377

CBSA code

12060

CBSA name

ATLANTA-SANDY SPRINGS-MARIETTA, GA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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