Image

Login
To View Offering Memorandum

Listing Details


Address: 1931, Nathan Dean Bypass, Rockmart, Georgia, 30153

Price: $4,857,000

Cap Rate: 7.00%

Tenancy: Single Tenant

Status: In Escrow

Listing Team


Austin Blodgett, Senior Vice President

949.431.2735

ab@realsource.com

Contact Broker For Details

Image
Tenancy: Mach-1 Express
Building Size: 6,400 SF
Renewal Options: Four, 5-Year Options @ 1.5%
Lease Expiration: 20 Years from COE
Rental Increases: Annual Increases @ 1.5%

  • Single Tenant Mister Car Wash Sale-Leaseback
    • Corporate (Mach One, Inc.) and personally guaranteed lease
    • Absolute NNN Lease, zero landlord responsibilities
    • 20-year initial lease term with four 5-year options
    • 50% annual increases to hedge against inflation
  • Brand New, 2023 Construction, Mach-1’s latest prototype design
  • Pad to a Walmart Supercenter Anchored Shopping Center
  • Nearby Tenants Include Chick-Fil-A, Anytime Fitness, & Wendy’s among other nationally recognized retailers
  • Highly Experienced Operator: Owner has over 15+ years of car wash experience and has developed, constructed, owned, and operated over 30 car wash sites across numerous states
  • Service Based, internet Resistant and Recession Proof Investment
  • Direct Ingress & Egress Access
  • Located in Rockmart’s Major Retail Artery, bringing daily needs traffic
  • Bonus Depreciation: Property qualifies for 80% bonus depreciation on carwash improvements
  • Immediate Access to GA-278, a major Highway into downtown Atlanta
  • 1-hour drive to Atlanta International Airport:
    • World’s #1 busiest airport with 93.6 Million passengers in 2022
    • Primary hub for Delta Airlines with 1,000 daily flights to 225 global destinations
    • 5 runways, 2 terminals, and 7 concourses