Property profile

4 Atlanta Ave Winder, GA 30680

OFF-MARKET
Car washes
Property ID
US22-1501190
2,240 SF 1.1 ac lot Built 2008
Entity Owned 8-yr Hold Absentee Owner ~ Est. High Equity
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Property summary

AI-generated overview

This exceptional investment opportunity presents a fee-simple ownership of a thriving car wash located at 4 Atlanta Ave, Winder, GA 30680. The property boasts 2,240 square feet on a 1.11-acre lot, built in 2007. Currently operating under a single-tenant, absolute triple-net (NNN) lease with a corporate guarantee, the lease commenced August 19, 2024, and extends to December 31, 2040, representing a substantial 16.1 years of remaining lease term. The annual net operating income (NOI) is $225,000, yielding a compelling 6.90% cap rate. The asking price is $3,260,870, translating to $1,455.75 per square foot. The lease includes attractive annual rent increases of 1.50%, ensuring consistent and growing income. This well-established car wash offers a secure, passive income stream with significant long-term potential, making it an ideal addition to any investment portfolio. The property's prime location in Barrow County, Georgia, further enhances its appeal. This is a rare opportunity to acquire a high-performing, established business with a long-term lease and strong tenant.

Property profile

Verified
Property type Car washes
Use group CAR WASH - AUTOMATED
Year built 2008
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 2,240 SF
Lot 1.1 ac (47,916 SF)
Zoning code B-1
APN WN21 020
UPID US22-1501190

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Car Wash

Location

4 Atlanta Ave Winder, GA 30680-2479
Winder metro Census 180204 ATLANTA-SANDY SPRINGS-MARIETTA, GA METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$245k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$245k

Owner & transaction history

since 2018
6 recorded transactions
2018
Price N/A
2018
Price N/A
2018
$3.2M
2008
$525,000
1969
Price N/A
1969
Price N/A

Zoning & alternative use

B-1 · Winder, GA
Zoning description

The purpose of this zone is to allow small-scale retail and service uses serving nearby residential areas.

General category COMMERCIAL

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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