Mister Car Wash - Monroe, GA

170 Martin Luther King Jr Blvd Monroe , GA 30655

Mister Car Wash - Monroe, GA - Retail for sale

Overview


JLL is pleased to offer for sale the fee simple interest in a Mister Car Wash property located in Monroe, 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 within close proximity to the area’s major employers and retailers, including a Walmart distribution center and Hitachi Automotive Systems. 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 Athens and Cumming

General
Property Type Retail
Tenure Type Sale / Purchase
Property Address 170 Martin Luther King Jr Blvd, Monroe, GA 30655-5620
Building Size 3,198  ft2
Financial
Price $4,200,000
Cap Rate 6.50%
Current NOI $273,000.00
Lease
Tenant's Name Mister Car Wash
Lease Type NNN
Annual Rent $262,500.00
Lease Expiration Date 12/31/2038
Remaining Term 19.7Yrs