125 Athens Hwy Loganville, GA 30052-2229

Property Details for 125 Athens Hwy

Year built

2016

Lot size

1.20 lot acres

Property size

4,308 SF

Zone code

CH-COMMERCIAL HIGHWAY

Property type

Car washes

APN

5-159 -052

APU

5159052

Description

This exceptional investment opportunity presents a 3,848 sq ft, 100% occupied, Zips Car Wash in Loganville, GA. Located on a 1.13-acre lot at a signalized intersection of Athens Hwy/US Route 78 (34,000 vehicles per day), this property boasts a strong location within a thriving retail corridor. The absolute NNN lease with a corporate guarantee provides significant security, featuring 13.5 years remaining and annual rent bumps tied to the lesser of 1.5% or 1.25x CPI. Six 5-year renewal options further enhance long-term stability. The property generates a substantial NOI of $347,325, representing a 7.00% cap rate on the $4,961,786 asking price. Built in 2016, this car wash benefits from its proximity to major national retailers like Hobby Lobby, Lowe's, Dick's Sporting Goods, Walmart Supercenter (generating $95.9M in annual sales and attracting 2.4 million visitors annually), and The Home Depot. The surrounding area showcases above-average household incomes exceeding $124,500 within a 5-mile radius, with affluent neighborhoods featuring homes valued between $500,000 and $1,000,000. The property is also conveniently located near Loganville High School. This investment is eligible for 60% 2024 bonus depreciation under the 2017 Tax Cuts and Jobs Act. This presents a compelling opportunity for investors seeking a secure, high-performing asset with significant long-term potential.

Location Insight

City

Loganville

County

Gwinnett

State

Georgia

Longitude

-83.917

Latitude

33.85

CBSA code

12060

CBSA name

ATLANTA-SANDY SPRINGS-MARIETTA, GA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments