Caliber Car Wash in Atlanta, Georgia
Description: |
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| BUILDING SIZE: 4,000 SF PRICE: $4,923,000 CAP RATE: 6.25% Description • The tenant, Caliber Car Wash, is an experienced car wash operator with 17 locations in five different states throughout the Southeast • Caliber Car Wash has recently executed a brand new 20-year lease with 4 (5-year) options to extend, demonstrating their long-term commitment to the site • Recent investment from an Atlanta-based private equity firm called Eagle Merchant Partners, which focuses on consumer and industrial investments, click HERE to read more • The lease features 1.50% annual rental increases, generating NOI, hedging against inflation, and increasing cap rate • This asset qualifies for 100% bonus depreciation within the first year • Tenant pays for CAM, taxes, insurance and maintains all aspects of the premises • No landlord responsibilities • Ideal, management-free investment for a passive investor Location • Caliber Car Wash is strategically fronting Chamblee Tucker Road, a retail and commuter thoroughfare serving the immediate trade area • Directly off Interstate 85 (222,000 VPD), a primary Interstate-Highway along the east coast • Brand new construction with state-of-the art design and features • The site benefits from significant street frontage and ease of access, providing convenience for customers • More than 93,000 residents and 47,000 employees support the trade area • Features an average household income of $61,017 Link to this Property: |
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Members profile: |
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| Advertised by: | Sheree Strome, CCIM (click here to see full profile) |
| Email: | |
Ad Details |
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| Garage Spaces (put 0 if this does not apply) | 2.00 |
| Auto Use Allowed | Yes |
| Property is | For Sale |
| Price | $4,923,000 USD |
| Price Info | CAP RATE: 6.25% |
Buildings & Land |
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| Property Name | Caliber Car Wash |
| Property Types | Vehicle Related, Retail |
| Land Types | Retail |
Size & Value |
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| Bldg. Size (Sq. Ft.) | 4,000 |
| Cap Rate | 6.25% |
Use & Status |
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| Best Property Use | This is an investment property |
Unique Sale Issues |
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| Type of Sale | Real Estate Agency Sale |
Website |
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| Website | https://srsre.com/property-search?propertyId=872174-sale |
Location |
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| Address | 2764 Chamblee Tucker Rd |
| City | Atlanta |
| State | GA |
| Postal Code | 30341 |
| Country | USA |
Call Me! |
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| Phone | 770.617.2149 |
| Ad id: | 71583978 |
| Ad views: | 1399 |