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Property profile & analytics
OFF-MARKET
Car washes

1780 Buford Hwy Cumming, GA 30041

Built 2012
Property ID
US22-1916199
Property summary
AI-generated overview

SRS National Net Lease is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in an absolute NNN leased, Mister Car Wash investment property located in Cumming, Georgia (Atlanta MSA). The tenant has approximately 18 years remaining on its current lease term with 5 (5-year) options to extend. The lease features 1.5% annual rental increases, steadily growing NOI and hedging against inflation. The lease is guaranteed by a subsidiary of the corporate entity and is absolute NNN with zero landlord responsibilities, making this an ideal, management-free investment opportunity for a passive investor. Mister Car Wash is a leading car wash brand with over 420 locations across the United States. The subject property is strategically located along Buford Highway, averaging 33,000 vehicles passing by daily. In addition, the site is located in close proximity to U.S. Highway 19, a major north-south highway serving the Eastern United States serving 75,000 vehicles per day. The car wash benefits from excellent visibility via significant street frontage and a large monument sign. Furthermore, the asset is ideally situated in a dense, regional retail corridor with nearby national/credit tenants including Aldi, Publix, Walgreens, Target, Walmart Supercenter, The Home Depot, Lowe’s, Ross Dress for Less, JoAnn Fabrics, and many more. Strong tenant synergy increases consumer draw to the immediate trade area and promotes crossover store exposure to the site. The 5-mile trade area is supported by over 117,000 residents and 40,000 employees, providing a direct consumer base from which to draw. Residents within 1 mile of the subject property boast an extremely affluent average household income of $186,548. Cumming, Georgia, a wealthy suburb of Atlanta, is located in Forsyth County, one of the fastest-growing regions of the United States.

Property profile
Verified
Property type Car washes
Year built 2012
UPID US22-1916199
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Mister Car Wash Car Wash
Value estimations
Realmo proprietary · 4 methods
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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