12 Baynard Park Newnan, GA 30265
- Specialty properties
- 2,550 SF
Current Use by Public Records
- Rip Tide Car Wash / Car Wash
Property Details for 12 Baynard Park
- Year built
- 2012
- Property size
- 2,550 SF
- Property type
- Specialty properties
- Property subtype
- Car washes
Description
This exceptional investment opportunity presents a thriving, established car wash in Newnan, Georgia. Located at 12 Baynard Park, this 2,550 square foot facility boasts a 9.36% cap rate and a strong NOI of $515,000. Built in 2012, the car wash features automatic and self-service bays equipped with 16 industrial-grade vacuums and utilizes eco-friendly, water-saving technology. It also offers premium detailing services. The property benefits from a high-traffic location with excellent visibility, situated near I-85 (81,600 vehicles daily) and Bullsboro Drive (32,700 vehicles daily), ensuring a consistent customer base. The asking price is $5,500,000, representing a price per square foot of $2,156.86. This turnkey operation provides a rare opportunity to acquire a profitable, established business with significant growth potential in a rapidly developing market. The sale includes both the real estate and the ongoing car wash business.
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
- Newnan
- County
- Coweta
- State
- Georgia
- Longitude
- -84.7223
- Latitude
- 33.4015
