1559 Rome HwyCedartown, GA 30125

Property Details for 1559 Rome Hwy

Year built

2019

Lot size

1.44 AC

Property size (Sq ft)

3,888 SF

Property type

Office properties

Property subtype

Other office properties

APN

029-002F

APU

029002F

Description

Exceptional investment opportunity: This thriving 3,888 square foot car wash, located at 1559 Rome Hwy, Cedartown, GA 30125, presents a compelling investment proposition. Built in 2019, the property boasts a 100% occupancy rate under a triple-net (NNN) lease with 17.9 years remaining until expiration (September 30, 2042). The lease commenced September 8, 2022, and includes annual rent bumps of 1.50%. The current asking price is $4,150,000, representing a 7.00% capitalization rate and a price per square foot of $1,067.39. The property generates a Net Operating Income (NOI) of $290,523. Situated on a 1.44-acre lot, the car wash benefits from excellent visibility and accessibility, with an estimated 18,000 vehicles passing daily. The property is conveniently located near a Walmart Supercenter and enjoys a prime location with no nearby national car wash competitors. Significant development is underway adjacent to the property. The lease includes four, five-year renewal options, providing long-term stability and growth potential. The property offers 20 parking spaces per unit and benefits from a corporate and personal guarantee.

• CAP approach

  CAP return

  Valuation

  6%

  $822,329

  6.5%

  $759,073

  7%

  $704,853

• Comparable approach

  Method

  Valuation

  Relative Method

  $633,316

  Geo Method

  $758,393

• Alternative Use

  Use

  Valuation

  Residential

  $941,250

  Hospitality

  $862,180

  Educational

  $717,324

  Medical

  $741,994

  Retail

  $1,115,837

Location Insight

City

Cedartown

County

Polk

State

Georgia

Latitude

34.0453

Longitude

-85.2371

CBSA code

16340

CBSA name

CEDARTOWN, GA MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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