930 Peachtree Pkwy Cumming, GA 30041-6823
- Car washes
- 5,572 SF
- 1.66 lot acres
Current Use by Public Records
- Mister Car Wash / Car Wash
Property Details for 930 Peachtree Pkwy
- Year built
- 2016
- Lot size
- 1.66 lot acres
- Property size
- 5,572 SF
- Zone code
- CBD
- Property type
- Car washes
- APN
- 108 643
- APU
- 108643
Description
This exceptional investment opportunity presents a fee-simple Mister Car Wash located at 930 Peachtree Parkway, Cumming, GA 30041. The property boasts 5,687 square feet on a 1.66-acre lot, built in 2016. It's situated in a high-traffic area with excellent visibility, adjacent to major retailers including Kroger, Publix, CVS, and more, ensuring consistent customer flow. The property benefits from a strong demographic profile, with affluent households exceeding $164,000 average annual income within a 5-mile radius and a population exceeding 152,000 within the same area. The current lease is a 20-year Triple Net (NNN) agreement with a corporate guarantee, expiring September 30, 2039, leaving 15.1 years remaining. The annual net operating income (NOI) is $342,576, representing a 7.00% cap rate on the $4,893,943 asking price. The lease includes annual rent increases of 1.50%, providing consistent growth potential. This is a rare opportunity to acquire a well-established, high-performing car wash in a prime location with significant long-term value. The property's strong tenant, favorable lease terms, and strategic location make it an ideal addition to any investment portfolio. The Forsyth County location offers a robust consumer car wash market, further enhancing the investment's appeal.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Cumming
- County
- Forsyth
- State
- Georgia
- Longitude
- -84.1736
- Latitude
- 34.1396
- CBSA code
- 12060
- CBSA name
- ATLANTA-SANDY SPRINGS-MARIETTA, GA METROPOLITAN STATISTICAL AREA
