Current Use by Public Records
- Mr. Clean Car Wash Loganville / Car Wash
Property Details for 4840 Athens Hwy
- Lot size
- 1.10 lot acres
- Property type
- Specialty properties
- Property subtype
- Car washes
Description
This exceptional investment opportunity presents a thriving Mr. Clean Car Wash located at 4840 Athens Hwy, Loganville, GA 30052. The property sits on a 1.1-acre lot in a dense retail corridor, directly across from a Kroger grocery store. Built in 2021, the car wash boasts approximately 17.25 years remaining on a triple-net (NNN) lease, ensuring a passive income stream with annual rent escalations. The property generates a strong net operating income (NOI) of $375,799, resulting in an attractive 6.85% capitalization rate. The location benefits from excellent traffic counts, averaging approximately 39,700 vehicles per day. Further enhancing its appeal, the property is situated within the rapidly growing Metro Atlanta area, the 9th largest MSA in the U.S., experiencing an estimated 10% population growth over the next five years. The car wash business model is considered internet-proof, and the property is eligible for bonus depreciation, offering additional tax advantages. This is a rare opportunity to acquire a high-performing, nationally recognized brand in a prime location with significant long-term growth potential. The asking price for this exceptional investment is $5,486,117.
Value Estimations
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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
- Loganville
- County
- Walton
- State
- Georgia
- Longitude
- -83.8812
- Latitude
- 33.8332
