Current Use by Public Records
- Take 5 Car Wash / Car Wash
- Wash Factory Car Wash / Car Wash
- Matrix Group of Companies / Corporate Office
Property Details for 11560 Alpharetta Hwy
- Year built
- 2020
- Lot size
- 0.94 lot acres
- Property type
- Specialty properties
- Property subtype
- Car washes
Description
This exceptional investment opportunity presents a fee-simple owned, 3,600 square-foot Take 5 Car Wash located at 11560 Alpharetta Hwy, Roswell, GA 30076. Built in 2020, this property boasts a prime location on a signalized, hard corner intersection of U.S. Hwy 19 (157,000 vehicles per day), within a dense retail corridor. The property sits on a 0.94-acre lot and is zoned CH - Commercial Heavy. The current lease is an absolute NNN, single-tenant agreement with a corporate guarantee, providing zero landlord responsibilities. The lease commenced January 1, 2023, and has a remaining term of 18.1 years, expiring December 28, 2042, with four 5-year renewal options. The current annual net operating income (NOI) is $331,224, representing a 6.25% cap rate and a price per square foot of $1,471.94. The asking price is $5,299,000. Rent increases are scheduled at 2% annually starting January 2029, throughout the initial term and option periods. This is the #1 ranked Take 5 location in Georgia according to Placer.ai, demonstrating exceptional performance and strong market position. The property offers significant upside potential due to its strong demographics within a 5-mile trade area and the built-in rent escalations. Bonus depreciation is also available. APN: 12 224005540431. 100% occupancy.
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
- Roswell
- County
- Fulton
- State
- Georgia
- Longitude
- -84.3249
- Latitude
- 34.0612
