1780 Buford Hwy, Cumming, GA 30041
4,117 SF Specialty Building Offered at $6,326,000 at a 6% Cap Rate in Cumming, GA 30041
For Sale
Active
Asking Price $6,326,000
- Property Type
-
Specialty
- Square Feet
- 4,117 SF
- Price / Square Foot
- $1,537
Listing Contacts
Patrick Luther
Matthew Mousavi
Property Overview
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 Details
- Class
- C
- Year Built
- 2012
- Stories
- 1
- Property Subtype
- Car Wash
- Lot Size (sq. ft)
- 70,132 SF
Highlights
- 18 Years Remaining | Annual Rental Increases | Corporate Guaranty | Well-Known & Established Brand
- Absolute NNN Lease | Fee Simple Ownership | Zero Landlord Responsibilities
- Strategically Located Along Buford Hwy. (33,000 VPD) | U.S. Highway 19 (75,000 VPD) | Excellent Visibility & Access | Significant Street Frontage
- Affluent Atlanta Suburb | Direct Consumer Base | Strong Demographics in 5-Mile Trade Area
- Dense, Regional Retail Corridor | Strong National/Credit Tenant Presence
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