Cap 8% Single-Tenant Car Wash Property In Metro Atlanta For Sale - Business for Sale
Request Information
The contact information for this deal is locked. If you wish to unlock this information, you need to upgrade to SMB Deal Hunter Pro.
🚗
Single-Tenant Car Wash Property in Norcross, GA
Norcross, GA, US
Added today
Car Wash Property / Home and Property Services
Absentee / Semi-Absentee
This listing is for a fee simple commercial real estate property comprising a single-tenant, state-of-the-art car wash facility located in Norcross, Gwinnett County, Georgia.
Key Information
Asking
$5.2M
Revenue
$420K
Earnings
$420K
Multiple
12.4x
Key Highlights
- Net operating income (NOI) is $420,000 per year.
- Cap rate is 8.08%.
- Base rent is $35,000 per month plus NNN, with 3% increases every 2 years.
- Property is 2,863 square feet on 1.09 acres, purpose-built as a Flex Car Wash facility.
- Lease type is NNN with a new 10-year term and two 10-year options commencing at closing.
- Single-tenant, 100% occupancy, investment type is sale/leaseback.
- Facility includes a 100-foot tunnel, 30 vacuum spaces, 2 detail spaces, and 2 pay station systems less than 5 years old.
- Stable management team with 7+ years tenure and employees with 4-17 years tenure committed to remaining post-sale.
Contact Info
Unlock Premium Features
Get everything you need to find, finance, and acquire your business
Personalized Deal Flow
On and off market deals curated to your search criteria.
Unlimited 1:1 M&A Support
Expert advisors to help you spot red flags, negotiate your offer, and hand hold you all the way to close.
Pre-Vetted Deal Team
- * Intros to our preferred lenders
- * Access to our investor community
- * Discounted 3rd party Financial and Legal diligence