1559 Rome Hwy Cedartown, GA 30125-4402

Exceptional investment opportunity: This thriving 3,888 square foot car wash, located at 1559 Rome Hwy, Cedartown, GA 30125, presents a compelling investment proposition. Built in 2019, the property boasts a 100% occupancy rate under a triple-net (NNN) lease with 17.9 years remaining until expiration (September 30, 2042). The lease commenced September 8, 2022, and includes annual rent bumps of 1.50%. The current asking price is $4,150,000, representing a 7.00% capitalization rate and a price per square foot of $1,067.39. The property generates a Net Operating Income (NOI) of $290,523. Situated on a 1.44-acre lot, the car wash benefits from excellent visibility and accessibility, with an estimated 18,000 vehicles passing daily. The property is conveniently located near a Walmart Supercenter and enjoys a prime location with no nearby national car wash competitors. Significant development is underway adjacent to the property. The lease includes four, five-year renewal options, providing long-term stability and growth potential. The property offers 20 parking spaces per unit and benefits from a corporate and personal guarantee.