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Lorient acquires The Grand at Market District, a 200-unit community in Statesboro, Georgia, via 1031 exchange
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Mr. Clean Car Wash, Blairsville
InvestmentsNet leaseCurrent

Mr. Clean Car Wash, Blairsville

262 GA Highway 515, Blairsville, Georgia

The Blairsville, Georgia, car wash is leased to Carnett's Management Company, operator of the Mr. Clean Car Wash brand, under an absolute net lease signed in September 2020.

Unlike the newer leases in the portfolio, Blairsville was a build-to-suit: the landlord delivered the completed building and owns the car wash equipment, and the tenant is obligated to operate continuously. The lease is backed by guaranties from the Carnett's affiliates and principals.

Rent steps up on a fixed schedule of roughly 1.25% per year, reaching about $456,000 by year 20, with four five-year renewal options.