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690 W Spring St - Monroe, GA Car Wash

2,070 SF Speciality Building Offered at £1,005,291 at a 9.21% Net Initial Yield in Monroe, GA 30655

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Investment Highlights

6 self-service bays plus a touch-free automatic wash
In-place NOI of $115,989 (based on 2024 YTD numbers being annualized as of 8/28/24)

Centrally located in Monroe, GA

Executive Summary

This car wash investment is comprised of a highly visible car wash with established cash flow. This property features 6 self-service bays and a touch-free automatic wash, situated in a prime Monroe, GA location. The property is currently generating an in-place NOI of $115,989. Positioned for success in a high-traffic area, this investment opportunity provides a solid foundation for long-term profitability and a compelling return on investment.

690 W Spring St Sale Brochure

Property Facts

Price	£1,005,291	Property Subtype	Car Wash
Price Per SF	£486	Lot Size	0.63 AC
Sale Type	Investment	Building Size	2,070 SF
Net Initial Yield	9.21%	Number of Floors	1
Sale Conditions	Business Value Included	Year Built	1991
Property Type	Speciality	Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.

Price	£1,005,291
Price Per SF	£486
Sale Type	Investment
Net Initial Yield	9.21%
Sale Conditions	Business Value Included
Property Type	Speciality
Property Subtype	Car Wash
Lot Size	0.63 AC
Building Size	2,070 SF
Number of Floors	1
Year Built	1991
Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.

Amenities

Signage

About 690 W Spring St , Monroe, GA 30655

Property Description: This car wash investment is comprised of a highly visible car wash with established cash flow. This property features 6 self-service bays and a touch-free automatic wash, situated in a prime Monroe, GA location. The property is currently generating an in-place NOI of $115,989. Positioned for success in a high-traffic area, this investment opportunity provides a solid foundation for long-term profitability and a compelling return on investment. Location Description: This car wash location is centrally located in a high-traffic area of Monroe, GA. Monroe is experiencing significant population growth, with a 7.62% increase since 2020. This property is just minutes from the popular historic downtown.

PROPERTY TAXES

Parcel Numbers	Multiple M006000000275000 M006000000274000	Improvements Assessment	£56,887
Land Assessment	£75,923	Total Assessment	£132,810

PROPERTY TAXES

Parcel Numbers

Multiple

M006000000275000
M006000000274000

Land Assessment

£75,923

Improvements Assessment

£56,887

Total Assessment

£132,810

zoning

Zoning Code	B3 (Commercial)
B3 (Commercial)

Listing ID: 33563988
Date on Market: 18/10/2024
Last Updated:
Address: 690 W Spring St, Monroe, GA 30655

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690 W Spring St, Monroe, GA for sale Primary Photo- Image 1 of 12 — 690 W Spring St-1

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690 W Spring St, Monroe, GA for sale Building Photo- Image 6 of 12 — 690 W Spring St-6

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690 W Spring St, Monroe, GA for sale Building Photo- Image 9 of 12 — 690 W Spring St-9

690 W Spring St, Monroe, GA for sale Building Photo- Image 10 of 12 — 690 W Spring St-10

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