11560 Alpharetta Hwy, Roswell, GA 30076
3,600 SF Specialty Building Offered at $5,299,000 at a 6.25% Cap Rate in Roswell, GA 30076
For Sale
Active
Asking Price $5,299,000
- Property Type
-
Specialty
- Square Feet
- 3,600 SF
- Price / Square Foot
- $1,472
Listing Contacts
Patrick Nutt
Michael Berk
William Wamble
Patrick Luther
Property Overview
• Corporate guaranteed by Driven Brands
• 18 years remaining on their current lease term with 4 (5-year) options to extend
• The lease features 2% annual rental increases starting in Jan. 2029 of the initial term and continuing throughout the term and option periods, growing NOI and hedging against inflation
• According to Placer.ai the property is the most visited Take 5 Car Wash in GA
• 18 years remaining on their current lease term with 4 (5-year) options to extend
• The lease features 2% annual rental increases starting in Jan. 2029 of the initial term and continuing throughout the term and option periods, growing NOI and hedging against inflation
• According to Placer.ai the property is the most visited Take 5 Car Wash in GA
Property Details
- Class
- B
- Year Built
- 2020
- Stories
- 1
- Property Subtype
- Car Wash
- Lot Size (sq. ft)
- 40,946 SF
Highlights
- 18+ Years Remaining | Corporate Guaranteed | Scheduled Rental Increases | #1 Ranked GA Location - Placer.ai
- Absolute NNN | Fee Simple Ownership | Zero Landlord Responsibilities | Bonus Depreciation
- Signalized, Hard Corner Intersection | U.S. Hwy 19 (157,000 VPD) | Dense Retail Corridor
- Strong Demographics in 5-Mile Trade Area | Six-Figure Income
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