170 Martin Luther King Jr Blvd - Mister Car Wash
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170 Martin Luther King Jr Blvd - Mister Car Wash
3,097 SF Speciality Building Offered at £3,311,277 at a 7% Net Initial Yield in Monroe, GA 30655
Investment Highlights
- Long-Term Triple Net (NNN) Lease Over 15 years of term remaining on the initial 20-year lease with zero landlord responsibilities
- Dense Retail Corridor Positioned within a dense retail corridor with many major national retailers including Walmart, The Home Depot, and many more
- Bonus Depreciation This property qualifies for 15-year accelerated depreciation as well as bonus depreciation
Executive Summary
NNN Pro is pleased to present the exclusive listing for a Mister Car
Wash located at 170 Martin Luther King Blvd, Monroe, GA 30655.
The site consists of roughly 3,097 rentable square feet of building
space on an estimated 0.66-acre parcel of land. This Mister Car
Wash is subject to a 20-year Triple Net (NNN) lease. The current
annual rent is $291,405 and has scheduled increases of 1.50%
Annually.
Wash located at 170 Martin Luther King Blvd, Monroe, GA 30655.
The site consists of roughly 3,097 rentable square feet of building
space on an estimated 0.66-acre parcel of land. This Mister Car
Wash is subject to a 20-year Triple Net (NNN) lease. The current
annual rent is $291,405 and has scheduled increases of 1.50%
Annually.
Property Facts
| Price | £3,311,277 | Building Class | B |
| Price Per SF | £1,069 | Lot Size | 0.66 AC |
| Sale Type | Investment | Building Size | 3,097 SF |
| Net Initial Yield | 7% | Number of Floors | 1 |
| Property Type | Speciality | Year Built | 2010 |
| Property Subtype | Car Wash |
| Price | £3,311,277 |
| Price Per SF | £1,069 |
| Sale Type | Investment |
| Net Initial Yield | 7% |
| Property Type | Speciality |
| Property Subtype | Car Wash |
| Building Class | B |
| Lot Size | 0.66 AC |
| Building Size | 3,097 SF |
| Number of Floors | 1 |
| Year Built | 2010 |
Amenities
- Signage
PROPERTY TAXES
| Parcel Number | M001000000002A00 | Improvements Assessment | £118,168 |
| Land Assessment | £90,551 | Total Assessment | £208,718 |
PROPERTY TAXES
Parcel Number
M001000000002A00
Land Assessment
£90,551
Improvements Assessment
£118,168
Total Assessment
£208,718
zoning
| Zoning Code | B3 |
| B3 |
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170 Martin Luther King Jr Blvd - Mister Car Wash
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