2955 Warm Springs Rd Columbus, GA 31909
Property profile & analytics
Location Intelligence
Current Use by Public Records
- Landshark Car Wash / Car Wash
Property Details for 2955 Warm Springs Rd
- Year built
- 2017
- Lot size
- 1.03 lot acres
- Property type
- Specialty properties
- Property subtype
- Car washes
Description
This exceptional investment opportunity presents a fee-simple interest in a Landshark Car Wash located at 2955 Warm Springs Rd, Columbus, GA 31909. The property boasts a 3,223 square foot building on a 1.03-acre lot, constructed in 2017 and renovated in 2023. The property benefits from an absolute NNN lease with a national tenant, Landshark Car Wash, providing significant passive income with minimal landlord responsibilities. The current lease commenced May 27, 2022, and has a remaining term of 18.3 years, expiring February 28, 2043, with two 10-year renewal options at 2% annual rent increases. Rent bumps of 2% annually begin July 2025. The property generates a strong Net Operating Income (NOI) of $370,000, resulting in a 6.90% cap rate. The asking price is $5,360,000. This prime location is freeway adjacent, positioned at the intersection of Manchester Expressway (50,000 cars per day) and Interstate 185 (70,000 cars per day), and directly across from Peachtree Mall, a super-regional shopping center attracting over 10 million annual visitors. The surrounding area demonstrates robust population growth, with 182,250 people within a 5-mile radius and a 30.5% population increase from 2010 to 2020. The property's Parcel Number (APN) is 069-013-001. This investment is ideal for bonus depreciation, and the lease includes corporate and personal guarantees.
Value Estimations
based on Realmo’s proprietary methodology
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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
- Columbus
- County
- Muscogee
- State
- Georgia
- Longitude
- -84.9469
- Latitude
- 32.505
