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651 Riverstone Pky - Mister Car Wash

4,036 SF Specialty Building Offered at $9,109,962 CAD at a 7% Cap Rate in Canton, GA 30114

Investment Highlights

  • The subject investment property is subject to over 15 years of lease term with zero landlord responsibilites.
  • This property qualifies for 15-year accelerated depreciation as well as bonus depreciation.
  • The subject investment property is subject to 1.50% annual rental increases over the course of the lease term, hedging against inflation.
  • Mr. Car Wash has opened 40 locations in the last year, equalling a 9.6% increase year over year.

Executive Summary

NNN Pro is pleased to present the exclusive listing for a Mister Car
Wash located at 651 Riverstone Parkway, Canton, GA 30114. The
site consists of roughly 4,036 rentable square feet of building
space on an estimated 2.09-acre parcel of land. This Mister Car
Wash is subject to a 20-year Triple Net (NNN) lease, which
commenced Please Delete. The current annual rent is $448,451
and has scheduled increases of 1.50% Annually.

Property Facts

Price $9,109,962 CAD
Price Per SF $2,257 CAD
Sale Type Investment
Cap Rate 7%
Property Type Specialty
Property Subtype Car Wash
Building Class C
Lot Size 2.09 AC
Building Size 4,036 SF
No. Stories 1
Year Built 2017
Parking Ratio 5.7/1,000 SF

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
014N17-00000-061-000-0000
Land Assessment
$768,232 CAD
Improvements Assessment
$268,791 CAD
Total Assessment
$1,037,023 CAD
  • Listing ID: 33125965

  • Date on Market: 2024-09-10

  • Last Updated:

  • Address: 651 Riverstone Pky, Canton, GA 30114

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