Property summary
This exceptional investment opportunity presents a fee-simple Mister Car Wash located at 1035 Parkway Blvd, Athens, GA 30606. The property boasts a substantial 3,855 square feet building on a 0.71-acre lot, built in 2019. Currently operating under a 20-year triple-net (NNN) lease with 15.1 years remaining, offering significant long-term stability and minimal landlord responsibilities. The lease features annual rent increases of 1.50%, ensuring consistent income growth. The current annual net operating income (NOI) stands at $353,349, translating to an attractive 7.00% capitalization rate. This property benefits from its strategic location within a thriving retail corridor, surrounded by major national retailers including Walmart, Lowe's, Kohl's, Chick-fil-A, Costco, Kroger, The Home Depot, and Starbucks, guaranteeing high visibility and consistent customer traffic. Furthermore, this investment qualifies for 15-year accelerated depreciation and bonus depreciation, offering considerable tax advantages (consult a Certified Public Accountant for details). The corporate guarantee provides additional security for this single-tenant, fee-simple ownership opportunity. This is a rare chance to acquire a high-performing, low-maintenance asset with substantial long-term growth potential. The asking price is $5,047,843.
Property profile
VerifiedCap rate & NOI
Current use
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Car Wash
Location
Value estimations
Owner & transaction history
Comparables
6 recent transactions · within 1.5 miComparable in this City
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Cap rate
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Property description
Physical attributes from public recordsZoning & alternative use
Zoning
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No zoning code is on file for this parcel. Zoning coverage grows with every catalog release — check back, or open Location Intelligence for use analysis of this corner.
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