Car Wash Investment Property - Monroe
0.63 +/- Acres Walton County, GA $1,246,570
Summary
Prime turn-key investment car wash opportunity in Monroe, Georgia. This car wash is comprised of 6 self-serve bays, 1 touch-free in-bay automatic, and 5 vacuums. Monroe itself has seen significant population growth (7.98%) since 2020 and continues to grow steadily. The car wash is centrally-located in Monroe in a highly-visible and heavily traveled area. The business saw 20% revenue growth from 2022 to 2023 and a modest 4% revenue growth from 2023 to 2024, despite the typical decrease in revenue seen in the car wash industry during election years. Built in 1991 and well maintained, this property saw renovations and user upgrades in 2022-2024.
Call listing agent Parenn Mulji for more information.
Parcel #/ID: M0060274
Property Highlights
- Centrally located in Monroe with 296 feet of road frontage on the high-traffic Spring Street
- In-place 2024 NOI of $124,657, expected to continue to grow in 2025
- About 5-7 hours of on-site routine maintenance required per week
- Zoned Commercial B-3 with redevelopment potential
- Limited competition in the area
- Real estate is included
2024 Taxes: $4,217
Zoning: B-3
Cap Rate: 10 %
Building Size: 2070 sq ft
Year Built: 1991
Listing ID#: 3150316
Property Photos
Property photo gallery
Parcel Map
Demographics
The demographics within a 1, 3 and 5 mile distance from the subject property.
Population Density Map
The populations density within a 1, 3 and 5 mile distance from the subject property.
Local Retail
View some of the local retail locations in proximity to subject property
Drive Time Map
15, 30, and 45 minute drive times
Traffic Counts
Average daily traffic counts provided by Sites USA
Location Map
This interactive web map allows you to explore the area around the property.
Location Overview: 690 W Spring Street Monroe, GA 30655
Flood Risk Map
Surrounding area flood risk map
Contact
Parenn Mulji
Parenn Mulji
Land Professional, Atlanta, GA Office Licensed in: GA
Cell: 404-509-5720
Office: 470-735-8946
Email: pmulji@nationalland.com
Note: Listing information provided is deemed reliable but not guaranteed. All maps and related content is provided without guarantees of accuracy. The user should validate all information through their own due diligence.
