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690 W Spring St
Monroe, GA 30655

$1,260,000 USD

Carwash For Sale  •  2,070 SF

Property Details

  • Property Type Carwash
  • Total Building Size 2,070 SF
  • Lot Size 0.63 AC
  • Year Built 1991
  • Cap Rate 9.21 %
  • Zoning B3
0 Transit Score
54 Walk Score

Description

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.

Highlights

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

Property Flyers

Cap Rate: 9.21 %

Amenities

  • Signage

Parking Details

Parking Available: Yes
Reserved: No
Type: Surface
Included in Rent: Yes
Brian Elrod 678-859-6110 NAI Elrod Group
Brian Elrod 678-859-6110 NAI Elrod Group