Current Use by Public Records
- Specialty properties
Property Details for 262 Ga-515
- Property type
- Specialty properties
- Property subtype
- Car washes
Description
This exceptional investment opportunity presents a thriving Mr. Clean Car Wash located at 262 GA-515, Blairsville, Georgia 30512. The property boasts a strong financial performance, with a current Net Operating Income (NOI) of $380,831 and a compelling 6.85% capitalization rate. The asking price is $5,559,577. This single-tenant, NNN-leased property offers significant long-term value, featuring approximately 18 years remaining on the lease, with favorable 1.25% annual escalations. The car wash benefits from its prime location in a dense retail corridor, directly across from a Home Depot and Ingles, ensuring high visibility and consistent customer traffic. Situated along US Hwy 76, the property enjoys approximately 21,200 vehicles per day (VPD) passing by, providing excellent exposure. Furthermore, the property's accessibility is enhanced by entry points from two different roads. The car wash is part of a universally recognized and growing brand within a high-growth industry, making it an attractive investment. The property is also eligible for bonus depreciation, offering additional tax advantages. This is a rare opportunity to acquire a well-established, high-performing car wash in a desirable location with significant upside potential.
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
- Blairsville
- County
- Union
- State
- Georgia
- Longitude
- -83.9556
- Latitude
- 34.8794
