690 W Spring ST Monroe, GA 30655
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Property Description: Investment Car Wash Portfolio Opportunity! This investment portfolio is comprised of two highly visible car washes with established cash flow. Each property features 6 self-service bays and a touch-free automatic wash, situated in prime locations in Monroe, GA and Winder, GA. Currently generating an in-place NOI of $238,741. Positioned for success in high-traffic areas, this investment opportunity provides a solid foundation for long-term profitability and a compelling return on investment. Property A: 690 W Spring St, Monroe, GA 30655 Property B: 78 W Athens St, Winder, GA 30680 Location Description: Both car wash locations are centrally located in high-traffic areas of their respective towns. Monroe is experiencing significant growth in population, with a 7.62% increase since 2020. The Monroe car wash is just minutes from the popular historic downtown. Similarly, Winder is seeing a steady population growth, with an 9.34% increase since 2020. The Winder car wash is ideally situated in Downtown Winder, just 0.1 miles from the busy Highway 11.1. Portfolio of 2 car washes, 2. 6 self-service bays plus a touch-free automatic wash at each property, 3. Centrally located in Monroe, GA and Winder, GA, 4. In-place NOI of $238,741 (based on 2024 YTD numbers being annualized)
a month ago | Status changed to Active | |
a month ago | Price changed to $2,599,000 | |
2 months ago | Listing first seen online | |
3 months ago | Listing updated with changes from the MLS® |
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Data last updated at: 2024-10-17 12:00 AM UTC
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