Current Use by Public Records
- Specialty properties
Property Details for 21 Crown Mountain Pl
- Year built
- 2023
- Lot size
- 1.00 lot acres
- Property type
- Specialty properties
- Property subtype
- Car washes
Description
This exceptional investment opportunity presents a 3,202 square foot, state-of-the-art Mr. Clean Car Wash located in Dahlonega, Georgia. The property boasts a 20.1-year absolute NNN lease, commencing December 15, 2023, and expiring December 31, 2043, with a remaining term of 19.1 years. The lease includes rent bumps, ensuring consistent income growth. The property features a 110-foot tunnel and 18 self-serve vacuum lanes, situated on a one-acre lot at 21 Crown Mountain Pl, Dahlonega, GA 30533. This prime location benefits from high visibility across from the University of North Georgia Dahlonega Campus (over 19,000 students and faculty) and is part of a thriving retail corridor with numerous national tenants including Walmart, Chick-fil-A, and McDonald's. The property's strong performance is reflected in its impressive 6.65% cap rate and a Net Operating Income (NOI) of $336,827. The site enjoys significant traffic from its proximity to US Route 19, a major interstate route. With a robust surrounding population (20,109 residents within five miles) and projected growth, this car wash offers a secure and lucrative investment opportunity. The lease is guaranteed by Carnett’s Management Company, American Car Wash Equipment and Supply Company, and Genesis Building Systems, LLC, providing additional security. The property was built in 2023. This is an ideal investment for those seeking a low-management, high-return asset.
Value Estimations
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AI approach
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Dahlonega
- County
- Lumpkin
- State
- Georgia
- Longitude
- -83.979
- Latitude
- 34.5257
