1780 Buford Hwy - Mister Car Wash | 18yrs Remain Corp Abs NNN
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1780 Buford Hwy - Mister Car Wash | 18yrs Remain Corp Abs NNN
4,117 SF Specialty Building Offered at $5,839,000 at a 6.50% Cap Rate in Cumming, GA 30041
Investment Highlights
- 18 Years Remaining | Annual Rental Increases | Corporate Guaranty | Well-Known & Established Brand
- Strategically Located Along Buford Hwy. (33,000 VPD) | U.S. Highway 19 (75,000 VPD) | Excellent Visibility & Access | Significant Street Frontage
- Dense, Regional Retail Corridor | Strong National/Credit Tenant Presence
- Absolute NNN Lease | Fee Simple Ownership | Zero Landlord Responsibilities
- Affluent Atlanta Suburb | Direct Consumer Base | Strong Demographics in 5-Mile Trade Area
Executive Summary
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.
Property Facts
| Price | $5,839,000 | Building Class | C |
| Price Per SF | $1,418 | Lot Size | 1.61 AC |
| Sale Type | Investment | Building Size | 4,117 SF |
| Cap Rate | 6.50% | No. Stories | 1 |
| Property Type | Specialty | Year Built | 2012 |
| Property Subtype | Car Wash | Parking Ratio | 10.2/1,000 SF |
| Price | $5,839,000 |
| Price Per SF | $1,418 |
| Sale Type | Investment |
| Cap Rate | 6.50% |
| Property Type | Specialty |
| Property Subtype | Car Wash |
| Building Class | C |
| Lot Size | 1.61 AC |
| Building Size | 4,117 SF |
| No. Stories | 1 |
| Year Built | 2012 |
| Parking Ratio | 10.2/1,000 SF |
Amenities
- Signage
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PROPERTY TAXES
| Parcel Number | 200-068 | Improvements Assessment | $145,998 |
| Land Assessment | $334,880 | Total Assessment | $480,878 |
PROPERTY TAXES
Parcel Number
200-068
Land Assessment
$334,880
Improvements Assessment
$145,998
Total Assessment
$480,878
zoning
| Zoning Code | Commercial |
| Commercial |
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1780 Buford Hwy - Mister Car Wash | 18yrs Remain Corp Abs NNN
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