Auto Retail or Service Repair Buildings Similar ads Member's profile Email Advertiser Share 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) Grade Sheree Strome, CCIM Email: email@example.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 Grade Comments Do you have any comments? Do you have any comments? You may add it after you login.