1559 Rome Hwy Cedartown, GA 30125-4402
- Office Properties & Spaces
- 3,888 SF
- 1.44 lot acres
Current Use by Public Records
- Mach-1 Express Wash Cedartown / Car Wash
Property Details for 1559 Rome Hwy
- Year built
- 2019
- Lot size
- 1.44 lot acres
- Property size
- 3,888 SF
- Property type
- Office Properties & Spaces
- APN
- 029-002F
- APU
- 029002F
Description
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.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $4,170,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $3,855,000
- 6.5%
- $3,740,000
- 7%
- $4,435,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $4,490,000
- Geo Method
- $4,065,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $4,515,000
- Retail
- $3,505,000
- Mixed-Use
- $3,380,000
- Hospitality
- $3,815,000
- Educational
- $3,485,000
- Residential Income
- $4,075,000
- Energy
- $4,415,000
- Income-Based Land
- $4,525,000
- Food Service
- $3,445,000
Location Insight
- Map
- Local Demand
- City
- Cedartown
- County
- Polk
- State
- Georgia
- Longitude
- -85.2371
- Latitude
- 34.0453
- CBSA code
- 16340
- CBSA name
- CEDARTOWN, GA MICROPOLITAN STATISTICAL AREA