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Mr. Clean Car Wash, Adairsville, GA

Mr. Clean Car Wash, Adairsville, GA


Investment Summary

Price $4,922,000
Cap Rate 6.65%
NOI $327,296
Lease Term 20 years
Lease Type Absolute NNN lease, with tenant responsible for all taxes, insurance, maintenance, and repair, including roof, structure, and parking lot
Rental Increases 10% rental increases every five (5) years
Year Built 2023
Building Size 3,292 SF
Lot Size 0.94 acres (40,946 SF)
Status Available
Lead Brokers Vincent Aicale
Vice Chairman
415.690.5522
vince.aicale@cushwake.com
CA RE License #01728696

Ryan Forsyth
Vice Chairman
415.413.3005
ryan.forsyth@cushwake.com
CA RE License #01716551

Michael T. Yuras, CCIM
Vice Chairman
415.481.0788
michael.yuras@cushwake.com
CA RE License #01823291

Scott Crowle
Executive Managing Director
415.604.4288
scott.crowle@cushwake.com
CA RE License #01318288

Investment Highlights

NEW 20-YEAR ABSOLUTE NNN LEASE WITH STRONG GUARANTEES
» New 20-year absolute NNN lease with 10% rental increases every five (5) years
» Four (4) option periods of five (5) years each provides a solid long-term investment
» Absolute NNN lease requires no landlord management, ideal for an out-of-area or local investor
» Guaranteed by Carnett’s Management Company; American Car Wash Equipment and Supply Company; and Genesis Building Systems, LLC
» With an outstanding infrastructure and support team with 30-plus years of trusted car care management experience, Mr. Clean Car Wash is poised for substantial growth

PRIME LOCATION AT THE CONFLUENCE OF MAJOR GEORGIA THOROUGHFARES
» Prominent location along State Route 140 (18,300 AADT) and between the U.S. Route 41 junction
(11,600 AADT) and Interstate 75 junction (84,500 AADT)
» U.S. Route 41 is a long-haul interstate route connecting Miami, Florida with the Upper Peninsula of Michigan, allowing the site to capture significant commuter traffic
» Interstate 75 is the only Interstate to traverse the full length of Georgia from north to south
» Well-positioned near the city’s largest industrial employers, including Shaw Industries (3,200 employees), Mohawk Industries (3,200 employees), and Duluth Trading Company (300+ employees)
» Excellent proximity to major national tenants such as Food Lion, Family Dollar, Subway, AutoZone Auto Parts, Advance Auto Parts, McDonald’s, Burger King, and many more

POPULOUS GEORGIA SUBURB WITH HIGH-GROWTH POTENTIAL
» 141,220 residents live within 15 miles of the property with an 8% population increase since 2010, providing a reliable and growing customer base for the site
» Average annual household income of $86,852 within a 15-mile radius
» Projected population and income increases within 5-, 10-, and 15-mile radii over the next five years poise Mr. Clean Car Wash and Adairsville for steady concurrent growth
» U.S. Route 41 and Interstate 75 lead directly to Downtown Atlanta, the capital and most populous city in Georgia (504,360 residents)

NEW 2023 BUILD-TO-SUIT CONSTRUCTION
» New high-quality 2023 build-to-suit construction featuring to latest Mr. Clean Car Wash prototype
» Site features a dual-lane drive-thru and 10 parking stalls for added customer convenience

Property Description

» Exceptional Visibility and Access: This Mr. Clean Car Wash is located along State Route 140 (18,300 AADT) and Commerce Parkway
» Excellent Location: Situated between two major Georgia thoroughfares: Interstate 75 (84,500 AADT) and U.S. Route 41 (11,600 AADT)
» Beneficial Proximity to Large Industrial Employers: The site is less than 1 mile from industrial employers such as Shaw Industries, (3,200 employees), Mohawk Industries (3,200 employees), and Duluth Trading Company (300+ employees), exposing this car wash service to a large customer base
» Set in Northwest Georgia: Northwest Georgia (known as the Carpet Capital of the World) contains many traffic generators as it is home to many industrial facilities and distribution centers, providing an opportunity for fleet cleaning
» Growing Demographics: The anticipated population and income growth within a five-mile radius over the next five years presents a favorable backdrop the concurrent growth of Mr. Clean Car Wash and Adairsville
» New 2023 Construction: This brand new Mr. Clean Car Wash is built to the latest prototype and features 10 total parking spaces and 7 interior cleaning lanes with self-service vacuums, providing additional customer convenience

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