Mister Car Wash - Athens, GA

1035 Parkway Blvd Athens , GA 30606

Mister Car Wash - Athens, GA - Retail for sale

Download Offering Memorandum

Overview


JLL is pleased to offer for sale the fee simple interest in a Mister Car Wash property located in Athens, Georgia. The property will be subject to a 20-year, absolute triple-net lease upon closing to Mister Car Wash, a leading car wash operator with over 260 locations throughout the United States. The property is located in an affluent Athens community within close proximity to the University of Georgia, a public university with more than 37,000 students enrolled. This offering presents investors a rare opportunity to acquire a car wash facility located in a strong retail market with an industry-leading tenant that will operate on a long-term lease with zero landlord responsibilities.

Investment Highlights



·       20-year absolute NNN lease to Mister Car Wash with zero landlord responsibilities

·       Corporate guaranteed lease from an industry leading tenant (280+ locations)

·       1.25% annual rental increases

·       Can be purchased individually, coupled, or as a portfolio with Mister Car Wash locations in Monroe and Cumming

General
Property Type Retail
Tenure Type Sale / Purchase
Property Address 1035 Parkway Blvd, Athens, GA 30606-6171
Building Size 3,861  ft2
Financial
Price $5,500,000
Cap Rate 6.50%
Current NOI $357,500.00
Lease
Tenant's Name Mister Car Wash
Lease Type NNN
Annual Rent $343,750.00
Lease Expiration Date 12/31/2038
Remaining Term 19.6Yrs

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