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21 Crown Mountain Pl - Mr. Clean Car Wash

3,202 SF Specialty Building Offered at $5,066,000 at a 6.65% Cap Rate in Dahlonega, GA 30533

Investment Highlights

  • New 20-year absolute NNN lease with 10% rental increases every five (5) years
  • Central location just off the signalized intersection of U.S. Route 19/South Chestatee Street and Morrison Moore Parkway (combined 29,800 AADT)
  • New high-quality 2023 build-to-suit construction featuring to latest Mr. Clean Car Wash prototype
  • Absolute NNN lease requires no landlord management, ideal for an out-of-area investor or local investor
  • High-visibility location across from the University of North Georgia Dahlonega Campus, which features over 19,000 students and faculty
  • Site features a dual-lane drive-thru and 22 parking stalls for added customer convenience. The state-of-the-art facility features a 110-foot tunnel.

Executive Summary

This Mr. Clean Car Wash is a central location just off the signalized intersection of U.S. Route 19/South Chestatee Street and Morrison Moore Parkway (combined 29,800 AADT)
U.S. Route 19 is a long-haul interstate route connecting the Gulf of Mexico with Lake Erie, allowing the site to capture significant commuter traffic
The property is a high-visibility location across from the University of North Georgia Dahlonega Campus, which features over 19,000 students and faculty
Ideally set in a large retail corridor, the property is surrounded by notable tenants such as Walmart Supercenter, Chick-fil-A, McDonald’s, Moe’s Southwest Grill, Zaxby’s, Taco Bell, Starbucks, and many more, creating significant crossover shopping
The site greatly benefits from its surrounding population, with 20,109 residents living within five miles of the property and a 17% population increase since 2010, providing a reliable and growing customer base for the site
Projected population and income increases within a five-mile radius over the next five years poise Mr. Clean Car Wash and Dahlonega for steady concurrent growth

Property Facts

Price $5,066,000
Price Per SF $1,582
Sale Type Investment
Cap Rate 6.65%
Sale Conditions 1031 Exchange
Property Type Specialty
Property Subtype Car Wash
Building Class B
Lot Size 1.00 AC
Building Size 3,202 SF
No. Stories 1
Year Built 2024
Parking Ratio 6.87/1,000 SF

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
D12-000-055-000
Land Assessment
$182,400
Improvements Assessment
$166,100
Total Assessment
$348,500

zoning

Zoning Code B2
B2
  • Listing ID: 29556188

  • Date on Market: 11/5/2024

  • Last Updated:

  • Address: 21 Crown Mountain Pl, Dahlonega, GA 30533

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