Current Use by Public Records
- Specialty properties
Property Details for 18 Commerce Pkwy
- Year built
- 2023
- Lot size
- 0.94 lot acres
- Property type
- Specialty properties
- Property subtype
- Car washes
Description
This exceptional investment opportunity presents a newly constructed (2023) Mr. Clean Car Wash located in Adairsville, Georgia. The property boasts a 20-year absolute NNN lease commencing March 27, 2024, and expiring March 31, 2044, with a remaining term of 19.5 years. The lease includes 10% rental increases every five years, ensuring consistent income growth. The 3,292 square foot car wash sits on a 0.94-acre lot and benefits from a strong NOI of $327,296, resulting in a 6.65% cap rate. The asking price is $4,922,000. This prime location along State Route 140 and Commerce Parkway, near the intersection of I-75 and US Route 41, enjoys exceptional visibility and access, with over 95,000 vehicles passing daily. Its proximity to major employers like Shaw Industries, Mohawk Industries, and Duluth Trading Company guarantees a substantial customer base. The car wash features a dual-lane drive-thru, 10 parking spaces, and 7 interior cleaning lanes with self-service vacuums. The property is situated in a rapidly growing area with projected population and income growth within a 5, 10, and 15-mile radius. This is a turnkey investment with minimal landlord responsibilities, making it an ideal addition to any portfolio. The property is suitable for a 1031 exchange.
Value Estimations
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Location Insight
- Map
- Local Demand
- City
- Adairsville
- County
- Bartow
- State
- Georgia
- Longitude
- -84.9285
- Latitude
- 34.3774
