11560 Alpharetta Hwy - Take 5 Car Wash | 18+yrs Remain Corp Abs NNN
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11560 Alpharetta Hwy - Take 5 Car Wash | 18+yrs Remain Corp Abs NNN
3,600 SF Specialty Building Offered at $5,299,000 at a 6.25% Cap Rate in Roswell, GA 30076
Investment Highlights
- 18+ Years Remaining | Corporate Guaranteed | Scheduled Rental Increases | #1 Ranked GA Location - Placer.ai
- Signalized, Hard Corner Intersection | U.S. Hwy 19 (157,000 VPD) | Dense Retail Corridor
- Absolute NNN | Fee Simple Ownership | Zero Landlord Responsibilities | Bonus Depreciation
- Strong Demographics in 5-Mile Trade Area | Six-Figure Income
Executive Summary
• Corporate guaranteed by Driven Brands
• 18 years remaining on their current lease term with 4 (5-year) options to extend
• The lease features 2% annual rental increases starting in Jan. 2029 of the initial term and continuing throughout the term and option periods, growing NOI and hedging against inflation
• According to Placer.ai the property is the most visited Take 5 Car Wash in GA
• 18 years remaining on their current lease term with 4 (5-year) options to extend
• The lease features 2% annual rental increases starting in Jan. 2029 of the initial term and continuing throughout the term and option periods, growing NOI and hedging against inflation
• According to Placer.ai the property is the most visited Take 5 Car Wash in GA
Property Facts
| Price | $5,299,000 | Building Class | B |
| Price Per SF | $1,472 | Lot Size | 0.94 AC |
| Sale Type | Investment | Building Size | 3,600 SF |
| Cap Rate | 6.25% | No. Stories | 1 |
| Property Type | Specialty | Year Built | 2020 |
| Property Subtype | Car Wash | Parking Ratio | 6.94/1,000 SF |
| Price | $5,299,000 |
| Price Per SF | $1,472 |
| Sale Type | Investment |
| Cap Rate | 6.25% |
| Property Type | Specialty |
| Property Subtype | Car Wash |
| Building Class | B |
| Lot Size | 0.94 AC |
| Building Size | 3,600 SF |
| No. Stories | 1 |
| Year Built | 2020 |
| Parking Ratio | 6.94/1,000 SF |
Amenities
- Signage
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PROPERTY TAXES
| Parcel Number | 12-2240-0554-043-1 | Improvements Assessment | $163,640 |
| Land Assessment | $279,800 | Total Assessment | $443,440 |
PROPERTY TAXES
Parcel Number
12-2240-0554-043-1
Land Assessment
$279,800
Improvements Assessment
$163,640
Total Assessment
$443,440
zoning
| Zoning Code | CH (Commercial Heavy) |
| CH (Commercial Heavy) |
Contacts
-
Patrick Nutt -
Michael Berk -
William Wamble -
Patrick Luther -
SRS Real Estate Partners
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11560 Alpharetta Hwy - Take 5 Car Wash | 18+yrs Remain Corp Abs NNN
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