2745 Powder Springs Rd Marietta, GA 30064

This exceptional investment opportunity presents a fee-simple ownership of a 3,206 square foot, single-tenant car wash in Marietta, Georgia. Built in late 2022, the property boasts a 20-year absolute NNN lease with a corporate guarantee from Tidal Wave Auto Spa, the 4th largest conveyor car wash company in the US, currently operating in 28 states and expanding to 31 by year-end. The lease commenced on January 1st, 2023, with rent commencing December 31st, 2022, and includes 2% annual rent increases. The remaining lease term is 18.1 years, extending to December 31st, 2042, with five, 5-year renewal options. The property sits on a 1.86-acre lot and enjoys excellent visibility and access from Powder Springs Road, a high-traffic area with nearly 30,000 vehicles per day. Its strategic location is directly across from a Walmart Supercenter and within two miles of a major retail corridor including Lowe's, Target, T.J. Maxx, and a Wellstar Cobb Medical Center. The property generates a strong NOI of $374,544, yielding an 8.63% average cap rate over the remaining lease term. The asking price is $5,468,000. This recession-resistant business model benefits from 65% recurring subscription revenue. The property's location within a dense, affluent area with over 87,600 residents and an average household income exceeding $112,500 within a 10-minute drive further enhances its investment appeal. The property is eligible for bonus depreciation (confirmation with a CPA is recommended).