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Car Wash

Mister Car Wash

170 M.L.K. Jr Blvd, Monroe, GA 30655

Listing Price: $4,800,000

Cap Rate
6.25%
Tenant Name
Car Wash Headquarters, Inc.
Years Remaining On Lease
0.1
Guarantor
Corporate Guarantee
Rentable SF
3,138
Lease Type
Absolute Net
Rent Per Square Feet
$95.67

Investment Overview

13.5 YEARS REMAINING ABSOLUTE NET LEASE - Brand-Backed Lease With Zero Landlord Responsibilities; Tenant Responsible For All Operating Expenses, Maintenance, Roof & Structure

2009 CONSTRUCTION RENOVATED 2019 - Modern Tunnel Car Wash Facility (3,138 SF) Situated On A 28,750 SF Parcel With Established Customer Base

1.5% ANNUAL RENT INCREASES STRATEGIC RETAIL CORRIDOR - Contractual Annual Increases Throughout Primary Term Provide Predictable NOI Growth Through 2039

CORPORATE TENANT GUARANTY FROM CAR WASH PARTNERS - Lease To Car Wash Headquarters, Inc. With Guaranty From Car Wash Partners, Inc., A Delaware Corporation Located Along One Of Monroe’s Major Thoroughfares With Connectivity To U.S. Route 78 (14,300 VPD) And Direct Access To Atlanta MSA

PART OF THE EXPANDING ATLANTA MSA - Monroe Sits Within The Atlanta Metropolitan Area between Atlanta and Athens — One Of The Largest And Fastest-Growing MSAs In The Southeast

Investment Highlights

  • 13.5 YEARS REMAINING ABSOLUTE NET LEASE
  • 1.5% ANNUAL RENT INCREASES
  • CORPORATE TENANT GUARANTY FROM CAR WASH PARTNERS
  • 2009 CONSTRUCTION RENOVATED 2019
  • STRATEGIC RETAIL CORRIDOR
  • PART OF THE EXPANDING ATLANTA MSA

Exclusively Listed By

Broker of Record

  • John Leonard

    Senior Managing Director, Market Leader- Atlanta

    (678) 808-2700

    License(s) GA: 252904

    Georgia

Car Wash

Mister Car Wash

Listing Price: $4,800,000

Cap Rate
6.25%
Tenant Name
Car Wash Headquarters, Inc.
Years Remaining On Lease
0.1
Guarantor
Corporate Guarantee
Rentable SF
3,138
Lease Type
Absolute Net
Rent Per Square Feet
$95.67

Investment Highlights

  • 13.5 YEARS REMAINING ABSOLUTE NET LEASE
  • 1.5% ANNUAL RENT INCREASES
  • CORPORATE TENANT GUARANTY FROM CAR WASH PARTNERS
  • 2009 CONSTRUCTION RENOVATED 2019
  • STRATEGIC RETAIL CORRIDOR
  • PART OF THE EXPANDING ATLANTA MSA

Investment Overview

13.5 YEARS REMAINING ABSOLUTE NET LEASE - Brand-Backed Lease With Zero Landlord Responsibilities; Tenant Responsible For All Operating Expenses, Maintenance, Roof & Structure 2009 CONSTRUCTION RENOVATED 2019 - Modern Tunnel Car Wash Facility (3,138 SF) Situated On A 28,750 SF Parcel With Established Customer Base 1.5% ANNUAL RENT INCREASES STRATEGIC RETAIL CORRIDOR - Contractual Annual Increases Throughout Primary Term Provide Predictable NOI Growth Through 2039 CORPORATE TENANT GUARANTY FROM CAR WASH PARTNERS - Lease To Car Wash Headquarters, Inc. With Guaranty From Car Wash Partners, Inc., A Delaware Corporation Located Along One Of Monroe’s Major Thoroughfares With Connectivity To U.S. Route 78 (14,300 VPD) And Direct Access To Atlanta MSA PART OF THE EXPANDING ATLANTA MSA - Monroe Sits Within The Atlanta Metropolitan Area between Atlanta and Athens — One Of The Largest And Fastest-Growing MSAs In The Southeast

Exclusively Listed By

Broker of Record

  • John Leonard

    Senior Managing Director, Market Leader- Atlanta

    (678) 808-2700

    License(s): GA: 252904

    Georgia

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