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Mr. Clean Car Wash, Dahlonega, GA

Mr. Clean Car Wash, Dahlonega, GA


Investment Summary

Price $5,066,000
Cap Rate 6.65%
NOI $336,827
Lease Term 20 years
Lease Type Absolute NNN lease, with tenant responsible for all taxes, insurance, and maintenance, including roof, structure, and parking lot
Rental Increases 10% rental increases every five (5) years
Year Built 2023
Building Size 3,202 SF
Lot Size 1.0 acres (43,560 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 investor or local investor
» Guaranteed by Carnett’s Management Company, American Car Wash Equipment and Supply Company, 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
» Central location just off the signalized intersection of U.S. Route 19/South Chestatee Street and Morrison Moore Parkway (combined 29,800 AADT)
» U.S. Route 19 is a long-haul interstate route connecting the Gulf of Mexico with Lake Erie, allowing the site to capture significant commuter traffic
» High-visibility location across from the University of North Georgia Dahlonega Campus, which features over 19,000 students and faculty
» Excellent proximity to major national tenants such as Walmart Supercenter, Chick-fil-A, McDonald’s, Moe’s Southwest Grill, Zaxby’s, Taco Bell, Starbucks, and many more

POPULOUS GEORGIA SUBURB WITH HIGH-GROWTH POTENTIAL
» 20,109 residents live within five miles of the property with a 17% population increase since 2010, providing a reliable and growing customer base for the site
» Average annual household income of $86,826 within a five-mile radius
» Projected population and income increases within a five-mile radius over the next five years poise Mr. Clean Car Wash and Dahlonega for steady concurrent growth
» U.S. Route 19 leads 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 22 parking stalls for added customer convenience

Property Description

» This Mr. Clean Car Wash is a central location just off the signalized intersection of U.S. Route 19/South Chestatee Street and Morrison Moore Parkway (combined 29,800 AADT)
» U.S. Route 19 is a long-haul interstate route connecting the Gulf of Mexico with Lake Erie, allowing the site to capture significant commuter traffic
» The property is a high-visibility location across from the University of North Georgia Dahlonega Campus, which features over 19,000 students and faculty
» Ideally set in a large retail corridor, the property is surrounded by notable tenants such as Walmart Supercenter, Chick-fil-A, McDonald’s, Moe’s Southwest Grill, Zaxby’s, Taco Bell, Starbucks, and many more, creating significant crossover shopping
» The site greatly benefits from its surrounding population, with 20,109 residents living within five miles of the property and a 17% population increase since 2010, providing a reliable and growing customer base for the site
» Projected population and income increases within a five-mile radius over the next five years poise Mr. Clean Car Wash and Dahlonega for steady concurrent growth

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