11110 State Brg Rd Alpharetta, GA 30022-6009
- Car washes
- 4,608 SF
- 1.34 lot acres
Current Use by Public Records
- Mister Car Wash / Car Wash
Property Details for 11110 State Brg Rd
- Year built
- 2013
- Construction
- WOOD
- Lot size
- 1.34 lot acres
- Property size
- 4,608 SF
- Zone code
- C1C
- Property type
- Car washes
- APN
- 11 036001290999
- APU
- 11036001290999
Description
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.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $4,230,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $4,540,000
- 6.5%
- $3,980,000
- 7%
- $3,810,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $4,835,000
- Geo Method
- $4,770,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $4,200,000
- Retail
- $3,380,000
- Mixed-Use
- $3,535,000
- Hospitality
- $3,490,000
- Educational
- $4,380,000
- Residential Income
- $4,270,000
- Energy
- $4,065,000
- Income-Based Land
- $4,065,000
- Food Service
- $4,110,000
Location Insight
- Map
- Local Demand
- City
- Alpharetta
- County
- Fulton
- State
- Georgia
- Longitude
- -84.2305
- Latitude
- 34.0558
- CBSA code
- 12060
- CBSA name
- ATLANTA-SANDY SPRINGS-MARIETTA, GA METROPOLITAN STATISTICAL AREA