10 Frd Way Carrollton, GA 30116-1896
This exceptional investment opportunity presents a fee-simple interest in a 4,160 square foot, freestanding Tommy's Express Car Wash located in Carrollton, Georgia, within the Atlanta MSA. Situated on a 1.33-acre lot at 10 Ford Way, this property boasts a prominent position on Bankhead Highway, a major thoroughfare with approximately 34,500 vehicles per day. The property benefits from a 15-year absolute NNN lease with a reputable national brand, Tommy's Express Car Wash, ensuring minimal landlord responsibilities. The lease includes 10% rent bumps every five years, providing consistent income growth. Built in 2018, the car wash enjoys 100% occupancy and generates a strong net operating income (NOI) of $380,000, representing a 7.25% cap rate. The asking price is $5,241,000. The property includes 24 parking spaces and is zoned for commercial use. Its strategic location is surrounded by numerous national retailers, including Chick-fil-A, Express Oil Change, and others, serving a population of over 46,500 residents within a 5-mile radius. This investment qualifies for bonus depreciation benefits. The property's parcel number is C04-022-0054. This is a rare opportunity to acquire a high-performing, low-maintenance asset in a rapidly growing market.
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Tommy's Express® Car Wash Car Wash
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Property description
Physical attributes from public recordsZoning & alternative use
C2 · Carrollton, GACarrollton. Always verify with local authorities before improvements.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.