18 Commerce Pky - Mr. Clean Car Wash 3,292 SF Specialty Building Offered at $4,676,000 at a 7% Cap Rate in Adairsville, GA 30103
INVESTMENT HIGHLIGHTS
- New 20 Year Absolute NNN Lease with 10% Rental Increases Every 5 Years
- Near Several Major Employers including Shaw Industries, Mohawk Industries, Duluth Trading Company and many others
- Growing area with population and average household income projected to grow within 5, 10 and 15 mile radii
- Zero Landlord Management with Strong Guarantees
- Prominent location near the junction of U.S. Route 41 and Interstate 75 with over 95,000 combined vehicles per day
- New High Quality 2023 Construction with Dual-Lane Drive Thru
EXECUTIVE SUMMARY
Exceptional Visibility and Access: This Mr. Clean Car Wash is located along State Route 140 (18,300 AADT) and Commerce Parkway
Excellent Location: Situated between two major Georgia thoroughfares: Interstate 75 (84,500 AADT) and U.S. Route 41 (11,600 AADT)
Beneficial Proximity to Large Industrial Employers: The site is less than 1 mile from industrial employers such as Shaw Industries, (3,200 employees), Mohawk Industries (3,200 employees), and Duluth Trading Company (300+ employees), exposing this car wash service to a large customer base
Set in Northwest Georgia: Northwest Georgia (known as the Carpet Capital of the World) contains many traffic generators as it is home to many industrial facilities and distribution centers, providing an opportunity for fleet cleaning
Growing Demographics: The anticipated population and income growth within a five-mile radius over the next five years presents a favorable backdrop the concurrent growth of Mr. Clean Car Wash and Adairsville
New 2023 Construction: This brand new Mr. Clean Car Wash is built to the latest prototype and features 10 total parking spaces and 7 interior cleaning lanes with self-service vacuums, providing additional customer convenience
Excellent Location: Situated between two major Georgia thoroughfares: Interstate 75 (84,500 AADT) and U.S. Route 41 (11,600 AADT)
Beneficial Proximity to Large Industrial Employers: The site is less than 1 mile from industrial employers such as Shaw Industries, (3,200 employees), Mohawk Industries (3,200 employees), and Duluth Trading Company (300+ employees), exposing this car wash service to a large customer base
Set in Northwest Georgia: Northwest Georgia (known as the Carpet Capital of the World) contains many traffic generators as it is home to many industrial facilities and distribution centers, providing an opportunity for fleet cleaning
Growing Demographics: The anticipated population and income growth within a five-mile radius over the next five years presents a favorable backdrop the concurrent growth of Mr. Clean Car Wash and Adairsville
New 2023 Construction: This brand new Mr. Clean Car Wash is built to the latest prototype and features 10 total parking spaces and 7 interior cleaning lanes with self-service vacuums, providing additional customer convenience
PROPERTY FACTS
| Price | $4,676,000 |
| Price Per SF | $1,420.41 |
| Sale Type | Investment |
| Cap Rate | 7% |
| Sale Condition | 1031 Exchange |
| Property Type | Specialty |
| Property Subtype | Car Wash |
| Building Class | C |
| Lot Size | 0.94 AC |
| Building Size | 3,292 SF |
| No. Stories | 1 |
| Year Built | 2023 |
| Parking Ratio | 3.04/1,000 SF |
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PROPERTY TAXES
| Parcel Number | A009-0170-015 | Improvements Assessment | $312,775 |
| Land Assessment | $100,000 | Total Assessment | $412,775 |
ZONING
| Zoning Code | IN |
