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409 E 3rd St, Donalsonville, GA, 39845

Finish Line Car Wash & American Self Storage
$1,187,000

Key Information

$ per SF
$148
Tot. SF
8,000
Lot Size
0.99 Acres
Units
51
Year Built
2022
Type
Retail

Highlights

  • Owner/User Opportunity: Opportunity to acquire the building, business and underlying real estate for the car wash & self-storage properties.
  • Limited Direct Competition: Site benefits as one of two car washes in Donalsonville, and the only automatic car wash. Additionally, American Self Storage is the only self-storage location in Donalsonville.
  • Newer Construction: Car Wash and Self-Storage buildings were built in 2022, offering an attractive price below replacement cost.
  • Proven Track Record | High Profit Margins: With years of successful operation, the locations have established themselves as reputable and reliable car wash and self storage sites, attracting a loyal customer base. Locations are operating at high profit margins due to zero employees and very passive ownership.
  • Special Tax Advantage: Under IRS Code Sections 179 & 168 (k), these types of properties can qualify for business expense deductions up to 40 percent of the cost in the first year. Some car washes even qualify for “bonus depreciation” for personal property acquisitions in addition.
  • Strong Occupancy: Self-storage unit occupancy at 94.12% and SF occupancy at 93.67%.
  • Express Car Wash: 60 ft automatic tunnel length, 8 vacuums, express wash type.
  • High Traffic Counts: ±7,800 vehicles per day pass the site.
  • Climate Controlled Units: All 51 self-storage units are climate controlled.

Photos

Location

Agents

Broker of Record

Maxx Bauman

License # 80041, 451849 (GA)
Matthews Real Estate Investment Services, Inc
3060 Peachtree Rd NW, Ste 1450, Atlanta, GA 30305