Mach-1 Express Wash

9 Hillview Ave SE, Cartersville, GA 30121

$4,561,403

Cap Rate 7.13%

$4,925,000

Cap Rate 6.60%

DOM: 202 Updated: 02.08.24 Posted: 05.19.23 Status: Sold 12.08.23

Summary

Price $4,561,403 $4,925,000	Built/Renov 2022	Tenant Mach-1 Express Wash
Cap Rate 7.13% 6.60%	Lease Type Abs NNN	Guarantor Corporate
Size/SF 5,200	Lease Start 10-13-2022	#Units 11
Price/SF $877.19 $947.12	Expiration 10-31-2042	Tenant Type Automotive
NOI $325,000	R. Term 17.5	Ownership Fee Simple
Rent/SF $62.50	Increases 1.5%/1/yrs	Pop 5Mi 54,392
Lot/AC 1.03	Options 4/5yrs/1.5%	AHHI 5Mi $78,985

Lease Highlights

New construction which features high quality materials, distinct design elements, and state of the art car wash features
Brand-new 20-year lease with 4 (5-year) options to extend
Absolute NNN lease | Zero landlord responsibilities
The lease features 1.50% annual rental increases throughout the inital term and options to extend
Potential 80% bonus depreciation
Personal and Corporate (Mach One, Inc.) guaranteed lease

Location Description

This newly constructed Mach-1 Express Wash is strategically fronting US Hwy 411 (18,800 VPD), and is positioned approximately 1 mile from Piedmont Cartersville Medical Center (120-beds) and Georgia Highlands College Campus (5,245-students). The subject property is supported by several national/credit tenants like Walmart Supercenter, Walgreens, Dollar General, CVS, and more, providing a strong...

...

Key Features

New construction
Highway location
University college close
Hospital close
Strong tenant synergy
Brand new lease
Long 15+ yr lease
Absolute NNN
Annual rent increases
Corporate Guarantee

...

Links

Mach-1 Express Wash Wikipedia Cartersville, Georgia Zip Code 30121 Broker Site Page

Maps

Local Information

1 Mile
3 Miles
5 Miles

Tenant

Tenant: Mach-1 Express Wash
Guarantor:Corporate
Company:Mach-1 Express Wash
# Units:11
Stock:Private

About Tenant

Mach-1 Express Wash is a family-owned and operated company that operates car wash facilities throughout the Eastern and mid-Western United States. Mach-1 offers plan memberships that allow for...

...

Demographics

	1 Miles	3 Miles	5 Miles
2028 Total Population :	3,766	31,538	57,382
2023 Total Population :	2,769	30,369	55,483
2023 Employed Civilian Pop :	1,148	14,006	25,480
2023 Total Businesses :	416	1,677	2,444
2023 Average Household Income :	$ 106,793	$ 85,257	$ 90,730
2023 Total Consumer Spending :	$ 109 M	$ 870 M	$ 1666 M
2023 Median Age :	35	36	38
2023 Total Households :	1,161	11,617	21,044
2023 Pop Age 25+: Bachelor's Degree :	233	2,750	5,729
2023 Average Home Value :	$ 272,756	$ 245,314	$ 266,980

*ESRI data is presented for informational purposes only

Traffic

Collection Street	Cross Street	Year	Traffic Vol	Distance
GA 20	Hwy 20 NE	2021	21,600	0.30 mi
State Rte 20	US Hwy 411	2019	7,460	0.31 mi
State Rte 20	Canton Hwy	2010	630	0.34 mi
US 411;GA 20	Joe Frank Harris Pkwy	2021	5,800	0.35 mi
GA 61	N Tennessee St	2021	18,200	0.36 mi
US 84	Joe Frank Harris Pkwy	2019	18,800	0.36 mi
Joe Frank Harris Parkway Southeast	Joe Frank Harris Pkwy	2019	10,200	0.37 mi
Old GA 20	Canton Hwy	2018	1,960	0.38 mi
State Rte 20	Canton Hwy	2019	1,990	0.39 mi
	Canton Hwy	2021	1,310	0.41 mi

Listing Broker

Patrick Nutt

SRS National Net Lease Group

Contact

262 Listings
48731 Views
117 Sold

William Wamble

SRS National Net Lease Group

Contact

186 Listings
38856 Views
69 Sold

Patrick Nutt

Patrick Nutt joined SRS as executive vice president for the National Net Lease Group and market leader in the Fort Lauderdale office in 2019. He leads the Fort Lauderdale office where he is tasked with recruiting and expansion efforts in the region and elevating the SRS brand throughout Florida. Additionally, Patrick Co-heads the National Net Lease Group for SRS, a group of 50 investment sales professionals who in 2020 managed over 500 transactions with an aggregate value of nearly $2 Billion

...

William Wamble

Will Wamble joined SRS in early 2019 and specializes in the advisory and sale of net leased properties, specifically in the Southeast. With more than $350M worth of transactional experience in his career, Will prides himself on valuing hard work and dedication to his clients. Will emphasizes collaboration and putting the best team together to find creative solutions to getting transactions completed. He started his commercial real estate career in 2013 with Marcus & Millichap where he focus

...

Disclaimer & Confidentiality

All information, content, data, and other materials on this Platform (“Content”) is made available to you on an “AS IS” basis without warranties of any kind, express or implied. All such Content is made available for informational purposes only and should not be relied on by you for any purpose. Content may contain errors, may be inaccurate or incomplete and/or, due to changing circumstances or other causes, may change or ultimately prove to be inaccurate or incomplete. Other than as set forth in our Terms of Service we do not have any control over your use of our Services or any Content. You should not use any such Services or any Content without validating the results through independent research, obtaining up-to-date information, and considering all relevant facts and circumstances, including your specific situation (financial or otherwise). We do not recommend, guarantee, or represent that the Services or any Content will predict the future performance of real estate assets or other assets of any kind. Moreover, we do not warrant the performance or results that may be obtained by using any of the foregoing. WE ARE NOT ENGAGED IN RENDERING TAX, LEGAL, INVESTMENT, FINANCIAL OR RISK MANAGEMENT ADVICE, AND THE RESULTS OF USE OF OUR SERVICES AND ANY CONTENT MUST NOT BE REGARDED OR REPRESENTED AS CONSTITUTING SUCH ADVICE. WE DO NOT MAKE ANY REPRESENTATIONS OR WARRANTIES REGARDING THE ACCURACY OF ANY CONTENT AND/OR PROJECTIONS GENERATED BY THE SERVICES OR ANY CONTENT