Auto Retail or Service Repair Buildings

Caliber Car Wash in Atlanta, Georgia

Description:


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:

Members profile:


Advertised by: Sheree Strome, CCIM (click here to see full profile)
Average score 8 after 1 votesAverage score 8 after 1 votesAverage score 8 after 1 votesAverage score 8 after 1 votesAverage score 8 after 1 votes Grade Sheree Strome, CCIM
Email: sheree.strome@srsre.com

Ad Details


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


Property Name Caliber Car Wash
Property Types Vehicle Related, Retail
Land Types Retail

Size & Value


Bldg. Size (Sq. Ft.) 4,000
Cap Rate 6.25%

Use & Status


Best Property Use This is an investment property

Unique Sale Issues


Type of Sale Real Estate Agency Sale

Website


Website https://srsre.com/property-search?propertyId=872174-sale

Location


Address 2764 Chamblee Tucker Rd
City Atlanta
State GA
Postal Code 30341
Country USA

Call Me!


Phone 770.617.2149
Ad id: 71583978
Ad views:132
Current rating Average score 8 after 1 votesAverage score 8 after 1 votesAverage score 8 after 1 votesAverage score 8 after 1 votesAverage score 8 after 1 votes Grade

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