Current Use by Public Records
- Specialty properties
Property Details for 170 M.l.k. Jr Blvd
- Year built
- 2010
- Lot size
- 0.66 lot acres
- Property type
- Specialty properties
- Property subtype
- Car washes
Description
This fee-simple Mister Car Wash in Monroe, GA, presents a compelling investment opportunity. Located at 170 M.L.K. Jr Blvd, this 3,097 square foot facility sits on a 0.66-acre lot and boasts a strong 7.00% cap rate. The property is subject to a 20-year NNN lease with a corporate guarantee, providing significant long-term stability. With 14.9 years remaining on the lease, and annual rent of $291,405 with scheduled 1.5% increases, this investment offers predictable cash flow. Built in 2010, the car wash benefits from its location in a dense retail corridor alongside major national retailers like Walmart, Home Depot, Starbucks, and more. The property qualifies for 15-year accelerated depreciation and bonus depreciation, offering potential tax advantages. This is a rare opportunity to acquire a well-performing, established car wash with substantial remaining lease term and significant upside potential. The property's strong tenant, favorable lease terms, and prime location make it an attractive addition to any investment portfolio.
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
- Monroe
- County
- Walton
- State
- Georgia
- Longitude
- -83.7447
- Latitude
- 33.7934
