71 Jessie Mae Thurmond Connector Cleveland, GA 30528
- Specialty properties
- 1,298 SF
- 1.24 lot acres
Current Use by Public Records
- Specialty properties
Property Details for 71 Jessie Mae Thurmond Connector
- Year built
- 2018
- Lot size
- 1.24 lot acres
- Property size
- 1,298 SF
- Property type
- Specialty properties
- Property subtype
- Car washes
Description
This exceptional investment opportunity presents a 1,298 sq ft Zips Car Wash in Cleveland, GA, boasting a 7.00% cap rate and a strong NOI of $310,780. The property, built in 2018 and situated on a 1.24-acre lot, benefits from an absolute NNN lease with a corporate guarantee from Zips Car Wash, a major national operator with over 280 locations. The lease has approximately 13.5 years remaining, featuring annual rent escalations based on the lesser of 1.5% or 1.25x CPI, and includes six 5-year renewal options, ensuring long-term stability and predictable income growth. The property's prime location along Appalachian Pkwy/US Route 129 (16,400 VPD) provides excellent visibility and accessibility, further enhanced by its proximity to a high-traffic Walmart Supercenter (2 million annual visitors, $91.1 million in sales) and Truett McConnell University (over 2,700 students). This strategic positioning within a thriving commercial corridor ensures consistent customer traffic and strong revenue generation. The asking price is $4,439,714, translating to a price per square foot of $3,420.43. The property is currently 100% occupied and is eligible for 60% 2024 Bonus Depreciation under the 2017 Tax Cuts and Jobs Act, offering significant tax advantages for investors. This presents a compelling investment opportunity with substantial upside potential.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Cleveland
- County
- White
- State
- Georgia
- Longitude
- -83.7647
- Latitude
- 34.5773
