FOR SALE OPERATING CAR WASH Express Car Wash with Emissions Veterans Memorial Highway Mableton, GA 30136
Table of Contents Executive Summary Property Information Photos Location Aerial and Map Demographics About the Area Broker Profile Confidentiality Agreement 3 4 5 7 8 9 10 11 For more information, please contact: Darrell Chapman Vice President 800-408-2855 x 114 Darrell@BullRealty.com Bull Realty, Inc. 50 Glenlake Parkway Suite 600 Atlanta, GA 30328 P. 2 of 11
Executive Summary Express Car Wash With Emissions This operating Express Car wash with emissions testing is located at the intersection of Veteran s Memorial Highway and Lion s Club Drive in. Veteran s Memorial Highway is the primary East-West corridor in Mableton and the traffic count is approximately 20,000 vehicles per day. The property has excellent access, with an entrance on Veteran s Memorial and the exit on Lion s Club Road. The main building is +/- 3,621 sq ft and has a waiting area, bathroom, office and storage closet. The Emission Testing Station is at the entrance to the tunnel wash and generates additional income for the business. Two canopies provide shade for the free vacuums. A tall sign advertises the business, and the orientation of the main building provides ample visibility, making this a local landmark. The owner has left plenty of upside in the business, and a few minor upgrades to the wash process should greatly increase sales and profitability. Financials are available with a signed Confidentiality Agreement, on last page of this brochure. Offered for SALE at $650,000 ($179.50/sq ft) P. 3 of 11
Property Information Address County 620 Veterans Memorial Highway, SW Mableton, GA 30136 Cobb Property Size +/- 3,621 Lot Size Features +/- 1.34 acre Fully developed 2014 Taxes $5,045.00 Year Built Refurbished in 2012 Zoning Price GC- General Commercial $650,000 ($179.50/sq ft) P. 4 of 11
Photos (1 of 2) P. 5 of 11
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Location Aerial and Map P. 7 of 11
Demographics 2014 Demographics (Esri) 1 mile Population 6,152 Households 2,233 Average Household Income $105,674 3 mile Population 48,284 Households 18,558 Average Household Income $83,327 5 mile Population 159,522 Households 63,873 Average Household Income $70,431 P. 8 of 11
About The Area Mableton was named after Robert Mable, who purchased 300 acres of land in the area on September 11, 1843. In 1881, the Southern Railway opened a train station in Mableton and one year later, a post office opened. The City of Mableton was incorporated on August 19, 1912, and four short years later the city was disincorporated. Mableton continues to gain popularity due to it s proximity to Interstate 285, Vinings, Buckhead, and Downtown Atlanta. Mableton also enjoys a lower tax rate than neighboring Fulton County and Atlanta. In addition, affordable housing and plenty of space make Mableton an attractive location for those looking for real estate close to the city of Atlanta but within the acclaimed Cobb County school district. With the construction of the East-West Connector, getting around Mableton and getting to Atlanta is now easier than ever. Mableton makes it possible to live in an area with a small town feel located just minutes away from many parts of Atlanta including the airport, Buckhead, and downtown Atlanta. Mableton is home to a diverse collection of restaurants from country cooking to contemporary cuisine. Mableton is also home to several area attractions: The Mable House includes the Mable House Arts Center, the Mable House Barnes Amphitheatre, and the historic Mable House property. The Mable House is managed by the Cobb County Parks, Recreation and Cultural Affairs Department. Events at the Mable House include concerts, theatre, exhibitions, meeting space, tours, summer camp, and more. The Silver Comet Trail is a multi-use National Recreation Trail built on an old railroad route that passes through Mableton. The trail is named after the Silver Comet passenger train that used the route from 1947 to 1969. The trail begins in Smyrna and connects to the Chief Ladiga Trail in Alabama at the Georgia-Alabama state line. P. 9 of 11
Broker Profile DARRELL CHAPMAN While Darrell is experienced in all types of commercial properties throughout the Southeast, his primary focus has been investment properties and mixed use developments in the North Atlanta market. As a long time resident of the suburbs of North Atlanta, he has extensive knowledge of the area and the business trends in these markets. Marketing more than $300 million in commercial property since 2007, Darrell has become a recognized go to broker in North Georgia. Darrell helped establish Bull Realty's first satellite office on GA 400 north of Atlanta. He is a member of the Atlanta Commercial Board of Realtors, Atlanta Commercial Board of Realtors Million Dollar Club, the National Association of REALTORS, the Dawson County Chamber of Commerce and the Hall County Chamber of Commerce. Darrell lives in Dawsonville with his wife of 18 years, his young daughter and a menagerie of pets. Favorite hobbies include boating, water skiing and off road motorcycling. Darrell Chapman Vice President, Retail and Investment Services (404) 876-1640 x 114 DChapman@BullRealty.com Bull Realty, Inc. 50 Glenlake Parkway Suite 600 Atlanta, GA 30328 www.bullrealty.com Some notable closings include a 9 acre site in Gwinnett County for the Georgia Regional Transportation Authority for $3.2 million, a retail park with 20 tenants next to the North Georgia Premium Outlet Mall which sold for $4.5 million, a medical office park for $2.4 million, a $1.4 million dollar land sale to RaceTrac Petroleum, and several retail sales including C Stores, Car Washes, and Shopping Centers. Darrell also manages and leases select Class A shopping centers for banks and investors. Prior to commercial real estate sales, Darrell enjoyed a successful career in the boating industry, and worked as a manager, consultant, and trainer for many of the leading dealerships in the Southeast. Darrell eventually operated his own successful dealership in Forsyth County and honed his reputation for honesty and integrity selling boats to customers all over the world. Darrell attended the University of Tennessee studying electrical engineering. Bull Realty is a U.S. commercial real estate sales, leasing and advisory firm headquartered in Atlanta. The firm was founded in 1998 with two primary missions: grow a company of brokers known for integrity, and provide the best disposition marketing in the nation. Commercial real estate services include acquisition, disposition, project leasing, tenant representation and advisory services. Areas of expertise include office, retail, industrial, multifamily, land, healthcare, single tenant net lease, special asset, self-storage, automotive and daycare properties. Disposition services for appropriate properties can include exposure on up to 375 websites, 17 marketing systems and 4 to 6 e-marketing systems. Additional disposition and lease marketing services may include video, social media, auctions and national radio exposure. The firm hosts the Commercial Real Estate Show, a nationally syndicated talk show about commercial real estate. The weekly show has been on the air for over 4 years. The show is nationally syndicated on 40 radio stations and is available on itunes and the show website CREshow.com. Bull Realty is licensed in nine southeast states and works with affiliates from all over the country. P. 10 of 11
Confidentiality Agreement This Confidentiality Agreement ( Agreement ) is made and agreed to for the benefit of the undersigned party ( Prospect ), the owner of the subject property (the Seller ) and undersigned agent Bull Realty Incorporated ( Broker ). Now therefore in consideration of the privileges granted to Prospect with respect to receiving certain confidential information, and other good and valuable consideration, the Prospect hereby agrees to the following: I. Confidential Information: Prospect will receive confidential information regarding property referred to as 620 Veterans Memorial Highway. Prospect agrees to not disclose to any person that the Property or the note may be available for sale or lease, or that discussions or negotiations are taking place concerning a possible purchase of the Property or the note, nor any terms, conditions, or other facts with respect to the Property or the note, including but not limited to tenant information, lease rates, lease expirations, income and expenses, and any such possible purchase, including the status thereof. The term person used in this agreement shall be interpreted broadly and shall include, without limitation, any corporation, company, partnership or individual other than parties to which Broker approves in writing. Prospect agrees to not contact the Seller, the management, the tenants, the lender, the vendors, the insurers, the employees or the customers of any business at the site. II. Acting as a Principal: Prospect hereby warrants that it is acting as a principal only, and not as a broker or agent, regarding this contemplated transaction. Prospect acknowledges and agrees that Bull Realty, Inc., will act in an agency capacity representing the Seller, and will be used as the sole broker or agent in connection with the purchase of the property. Bull Realty, Inc. will be paid a commission by the Seller. Prospect agrees to not be involved in any arrangement to lease or purchase the property, in whole or in part, as a lender, partner, buyer of the note, buy in foreclosure, buy from bankruptcy court, or in any other manner acquire an investment in or control of the property, unless Bull Realty, Inc. is included as the selling agent and is compensated as described herein. Prospect reserves the right to involve any lender, underwriter, equity partners, attorney or other advisor in the transaction provided said party is paid by the Prospect, and said party has agreed in writing to this confidentiality agreement. Please Return CA to the Attention of Darrell Chapman DChapman@BullRealty.com 0ffice (404) 876-1640 X 114 Fax (678) 892-4980 III. Governing Law This Agreement shall be governed and construed in accordance with the laws of the State of Georgia. Accepted and agreed to this day of, 20. Principal Signature Printed Name Title Company Name Address Email Phone Fax P. 11 of 11 You may return the executed agreement by fax (678) 892-4980 or email. Bull Realty, Inc. 50 Glenlake Parkway, Suite 600 Atlanta GA 30328