170 Martin Luther King Jr Blvd - Mister Car Wash
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170 Martin Luther King Jr Blvd - Mister Car Wash
3,097 SF Specialty Building Offered at $4,162,929 at a 7% Cap Rate in Monroe, GA 30655
Investment Highlights
- Long-Term Triple Net (NNN) Lease Over 15 years of term remaining on the initial 20-year lease with zero landlord responsibilities
- Dense Retail Corridor Positioned within a dense retail corridor with many major national retailers including Walmart, The Home Depot, and many more
- Bonus Depreciation This property qualifies for 15-year accelerated depreciation as well as bonus depreciation
Executive Summary
NNN Pro is pleased to present the exclusive listing for a Mister Car
Wash located at 170 Martin Luther King Blvd, Monroe, GA 30655.
The site consists of roughly 3,097 rentable square feet of building
space on an estimated 0.66-acre parcel of land. This Mister Car
Wash is subject to a 20-year Triple Net (NNN) lease. The current
annual rent is $291,405 and has scheduled increases of 1.50%
Annually.
Wash located at 170 Martin Luther King Blvd, Monroe, GA 30655.
The site consists of roughly 3,097 rentable square feet of building
space on an estimated 0.66-acre parcel of land. This Mister Car
Wash is subject to a 20-year Triple Net (NNN) lease. The current
annual rent is $291,405 and has scheduled increases of 1.50%
Annually.
Property Facts
| Price | $4,162,929 | Building Class | B |
| Price Per SF | $1,344 | Lot Size | 0.66 AC |
| Sale Type | Investment | Building Size | 3,097 SF |
| Cap Rate | 7% | No. Stories | 1 |
| Property Type | Specialty | Year Built | 2010 |
| Property Subtype | Car Wash |
| Price | $4,162,929 |
| Price Per SF | $1,344 |
| Sale Type | Investment |
| Cap Rate | 7% |
| Property Type | Specialty |
| Property Subtype | Car Wash |
| Building Class | B |
| Lot Size | 0.66 AC |
| Building Size | 3,097 SF |
| No. Stories | 1 |
| Year Built | 2010 |
Amenities
- Signage
PROPERTY TAXES
| Parcel Number | M001000000002A00 | Improvements Assessment | $148,560 |
| Land Assessment | $113,840 | Total Assessment | $262,400 |
PROPERTY TAXES
Parcel Number
M001000000002A00
Land Assessment
$113,840
Improvements Assessment
$148,560
Total Assessment
$262,400
zoning
| Zoning Code | B3 |
| B3 |
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170 Martin Luther King Jr Blvd - Mister Car Wash
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