2801 Demere Rd St Simons Island, GA 31522

The St. Simons Wash is an approximately 8,000 square foot car wash, laundromat, and dog wash situated on 1.34 acres. Built in 1998 and renovated in 2023, the property fronts Demere Rd., which has a traffic count of 13,800 vehicles per day. The property is positioned on St. Simons Island, the largest barrier island in the Golden Isles. The Golden Isles see over 3.2 million overnight visitors annually, creating an economic impact of over 1.7 billion. The Golden Isles are within Glynn County, which has the fastest-growing Tourism & Hospitality sector on the Georgia coast. The property is located in the heart of St. Simons Island, where the average household income within a five-mile radius is approximately $130,000. The property is the only car wash on St. Simons Island and comprehensively services the car washing, laundromat, and dog washing niches. The property is positioned to continue to have strong growth in annual sales. The property has high barriers to entry from a zoning, use, and entitlement front, as well as from a property scarcity and affordability front. The property is a ground sale-leaseback opportunity with a 20-year initial lease term and 5, 5-year options. The initial and option terms have 5% rental increases every 5 years.