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Property profile & analytics
OFF-MARKET Estimated value $1,560,000
Car washes

10 Frd Way Carrollton, GA 30116-1896

4,160 SF 1.33 ac lot Built 2018
Entity Owned 4-yr Hold ~ Est. High Equity
Property ID
US22-3986003
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Car washes
Use group CAR WASH - AUTOMATED
Year built 2018
Construction STEEL FRAME
Total area 4,160 SF
Lot 1.33 ac (57,935 SF)
Zoning code C2
APN C04-022-0054
UPID US22-3986003
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Tommy's Express® Car Wash Car Wash
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$1.68M
CAP Approach CAP
by Request
Comparable Approach Comparable
$965k
Blend (final) Blend
$1.56M
Owner & transaction history
Wash Partners LLC · 4 yrs held
Wash Partners LLC
since 2021
Last sale
$1.5M
1 recorded transaction
2021
$1.5M
Zoning & alternative use
C2 · Carrollton, GA
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building $1.8M +175.9%
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