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Jodie Shepard
Direct Office:
770-253-6990
Jodies@lindseysrealtors.com
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Jodie Shepard
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Direct Office:
770-253-6990
Jodies@
lindseysrealtors.com
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Work With Me
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FOR SALE
$2,599,000

690 W Spring Street
Monroe, GA 30655

Retail, Business Opportunities
Commercial
6,387
Sq. Ft.
1.03
Acre Lot
Courtesy: NAI Elrod Group
Home> Georgia> Monroe> 30655
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)
10338665
Commercial - Retail, Business Opportunities, Other
1991
Walton
1.03 Acres
Public
Brick
Public Sewer
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The scores below measure the walkability of the address, access to public transit of the area and the convenience of using a bike on a scale of 1-100

Walk Score

Transit Score

Bike Score

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Courtesy: NAI Elrod Group
The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity Program of Georgia MLS. Real estate listings held by brokerage firms other than this broker are marked with the Broker Reciprocity logo and detailed information about them includes the name of the listing brokers. The broker providing this data believes it to be correct, but advises interested parties to confirm them before relying on them in a purchase decision. Copyright 2022 Georgia MLS. All rights reserved.
This content last refreshed on 9/19/2024 11:14 AM CST. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.
Information is deemed reliable but is not guaranteed.

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