Property profile

11110 State Brg Rd Alpharetta, GA 30022

OFF-MARKET
Car washes
Property ID
US22-3675529
4,608 SF 1.34 ac lot Built 2013
Entity Owned 6-yr Hold ~ Est. High Equity
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Property summary

AI-generated overview

This exceptional investment opportunity features a Mister Car Wash located at 11110 State Bridge Rd, Alpharetta, GA 30022, in Fulton County. The property boasts 3,635 square feet on a 1.34-acre lot and was built in 2015. Currently operating under a Triple Net (NNN) lease with a corporate guarantee, the lease commenced November 7, 2019, and has a remaining term of 15 years, expiring November 30, 2039. The property enjoys 100% occupancy, generating a substantial Net Operating Income (NOI) of $291,846 annually, representing a compelling 7.00% capitalization rate. The asking price is $4,169,229. The lease includes annual rent increases of 1.50%, providing consistent growth potential. This single-tenant property offers a secure, passive income stream with significant long-term value. The property's prime location in Johns Creek, Georgia, ensures high visibility and accessibility for customers. This is a rare opportunity to acquire a well-established, high-performing car wash with a strong tenant and a long-term lease. The property's financial performance and lease structure make it an attractive investment for discerning buyers seeking stable returns and appreciation potential.

Property profile

Verified
Property type Car washes
Use group CAR WASH
Year built 2013
Construction WOOD
Total area 4,608 SF
Lot 1.34 ac (58,370 SF)
Zoning code C1C
APN 11 036001290999
UPID US22-3675529

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Car Wash

Location

11110 State Brg Rd Alpharetta, GA 30022-6009
Alpharetta metro Census 11634 ATLANTA-SANDY SPRINGS-MARIETTA, GA METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$4.23M
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$4.23M

Owner & transaction history

since 2019
Last sale
$5.1M
5 recorded transactions
2019
$4.1M
2019
$5.5M
2018
Price N/A
2014
$700,000
1969
Price N/A

Zoning & alternative use

C1C · Alpharetta, GA

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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