5712 Lawrenceville Hwy Tucker, GA 30084-1913
- Car washes
- 3,683 SF
- 2.11 lot acres
Jan 02, 2025
Current Use by Public Records
- Gloss Car Wash / Car Wash
Property Details for 5712 Lawrenceville Hwy
- Year built
- 2021
- Lot size
- 2.11 lot acres
- Property size
- 3,683 SF
- Zone code
- M1-LIGHT INDUSTRY
- Property type
- Car washes
- APN
- 6-137 -244
- APU
- 6137244
Description
This exceptional investment opportunity presents a fee-simple ownership of a thriving Mammoth Car Wash, located at 5712 Lawrenceville Hwy, Tucker, Georgia 30084, in Gwinnett County. The property boasts a substantial 3,683 square feet of building space situated on a 2.11-acre lot. Built in 2021, this car wash operates under a 20-year triple-net (NNN) lease, ensuring minimal landlord responsibilities. The current annual net operating income (NOI) stands at $331,783, translating to a compelling 6.75% cap rate and a price per square foot of $1,334.59. The asking price for this turnkey investment is $4,915,298. The lease includes annual rent increases of 1.50%, providing consistent growth potential. Further strengthening the investment's security is the inclusion of a corporate guarantee from Mammoth Car Wash, a company with over 130 locations. This is a rare opportunity to acquire a high-performing, low-maintenance asset with significant long-term income potential backed by a strong corporate tenant. The lease commenced upon closing. This property offers a secure and profitable investment in a prime location.
Value Estimations
-
AI approach
- Method
- Estimation
- Statistic approach
- $4,055,000
- ML approach
- $4,020,000
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $2,501,000
Market price range: $744k - $2.50M
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Location Insight
- Map
- Local Demand
- City
- Tucker
- County
- Gwinnett
- State
- Georgia
- Longitude
- -84.1663
- Latitude
- 33.8789
- CBSA code
- 12060
- CBSA name
- ATLANTA-SANDY SPRINGS-MARIETTA, GA METROPOLITAN STATISTICAL AREA