Meg-A-Max Carwash

$1,300,000


Harmony Realty
Darin Hardin
300 William Street
Calhoun, Ga  30701
770-547-0116
darin_hardin@hotmail.com
dhfoothills@bellsouth.net

Contact Darin for More Details

www.HarmonyRealtyExchange.com






This information is from sources deemed to be reliable, but it is not guaranteed by Harmony Realty, the agent, or the broker.  Prospective Buyer should check all data to their satisfaction prior to executing an agreement to purchase.  This property is subject to prior sales, price change, correction, or withdrawal.  This property is offered without respect to race, color, creed, national origin, familial, or martial status.  All measurements are approximate.





TABLE OF CONTENTS


Preliminary Site Information Summary       2

Owner’s Intent and Developers Philosophy 3

Community Overview         4

Plats and Photos                                                                  5


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PRELIMINARY SITE INFORMATION SUMMARY

DATE:  May 16th, 2008
PROPERTY IDENTIFIER:  Meg-A-Max Carwash


Land Size:  Approximately 1.2 acres which houses the automatic carwash and a small tract of land for an oil changing operation  in Calhoun, Georgia.  Calhoun is located 55 miles  north of Atlanta and 50 miles south of Chattanooga, Tennessee via Interstate 75.

Zoning:  This tract of land is zoned commercial neighborhood (CN).

Master Land Use Plan:  The City of Calhoun and Gordon County both have master land use plans.

Community Attitude:  Local government has a very pro growth attitude in all sectors of the economy.

Topography:  This property is flat with slope for proper drainage.

Improvements:  This is a developed carwash with two PDQ laserwash automatics, five self serve bays with brushes and wands, a vending machine, four regular vacuums and three shampoo/vacuum combos.

Water and Sewer Service:  Service is provided by the City of Calhoun.  

Electricity:  This service is provided by North Georgia Electric Membership Company.

Telephone:  This service is provided by Bellsouth.

Cable TV:  This service is provided by Comcast.

High Speed Internet:  Cable, Fiber Optics, and DSL are all available.

Natural Gas:  Atlanta Gas Light provides the natural gas we use.

Access:  Primary access to the property is from Tucker Hollow Road.  The entrance to the development is less than 3 miles of the highway 53 interstate exit.

Environmental:  The owner has no knowledge of any negative factors regarding the property.

Mineral Rights:  All mineral rights convey with the property.  An 8% percent royalty is due to prior owner for receipts from any mining activity.

Competition:  Our closest competition is approximately 1 ½ miles away.  We are the newest carwash in town and the only one east of the interstate.  The average daily traffic is 9,000. 

Hospital Services:  Gordon Hospital, a regional 69 bed facility is less than 1 ½ miles from this site.  The hospital has recently upgraded the entire facility, adding operating rooms, improving radiology and laboratory services to meet the increasing population.  The hospital also has a helipad for airlift services.

Redmond Hospital and Floyd Medical Center in Rome, GA are 18 miles away.  Kennestone Hospital in Kennesaw and major city hospitals of Chattanooga and Atlanta are within a hour drive.

Shopping:  Calhoun boasts an outlet mall and several regional strip centers.  Larger malls are available are available within 30 minutes in Rome, Dalton, and Kennesaw.

Population Trends:  Gordon County is part of one of the fastest growing metropolitan areas in the United States, ranked with a 26% increase in resident population between 1990 and 2000.  The county currently has approximately 53,000 in population.  The largest sector of growth during this period was over 40 years of age.

The Atlanta Metropolitan area and the south as a whole are experiencing similar growth patterns, with record growth rates over the same ten year period.  Georgia ranked sixth in the nation in growth from 1990 through 2000.  Favorable climate, the cost of housing, and available employment were some of the factors influencing that growth. 

Taxes:  The current mileage rate is .021717 based on 40% of property’s fair market value. 

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Owners Intent and Developer's Philosophy:

The owners of this carwash are looking to move into a property which can be divided so that they can dissolve their partnership. 


Can Adds:  Maintenance set-up, a commercial lot.


NOIs for past three years:

2005 (1st year)

117,592 Gross
  51,105 Operating Expenses

$66,487 NOI


2006 (2nd Year)

162,457 Gross
49,428 Operating Expenses

$113,029 NOI


2007 (3rd Year)

175,053 Gross
63,020 Operating Expenses

$112,033 NOI


Note:  A complete package is readily available if you have further interest in this project.

Contact Darin for a complete package and financials

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Community Overview

Calhoun/Gordon County Area Analysis

Gordon County is one of Georgia’s 159 counties and is rich in natural and historic resources. From its beginnings in 1850 to today, Gordon County offers its current and new residents many opportunities for work and play. Gordon County is strategically located on I-75 in Northwest Georgia, 45 minutes from both Atlanta and Chattanooga. This enviable location has attracted and continues to attract commercial and industrial enterprises such as major carpet and floor covering manufacturers, food processors, heavy machinery assembly companies, and distribution firms. Gordon County and its environs possesses a vast array of quality-of-life resources including civil war historic sites, state parks, quality health care, excellent public and higher educational opportunities, a cultural arts center, a regional outlet mall, and the nearby fast pace urban life of Georgia’s capital city of Atlanta.

Calhoun is the county seat of Gordon County, and is strategically approximately 50 miles south of Chattanooga, Tennessee and 70 miles north of Atlanta, Georgia. According to U.S. Department of Commerce, Bureau of Economic Analysis, in 2002, Gordon County had a population of 46,433 with the City of Calhoun population being approximately 11,231 persons. These figures represent a 32.4% increase in county population and a
57.4 increase in city population over the 1990 figures. According to local and city planners and statistics provided by the Department of Industry and Trade this type of increase is expected to continue in the future.

The Calhoun/Gordon County area possesses an excellent transportation system with Interstate 75 being the main north/south artery. The county has excellent access to I-75 having five entrance-exit ramps with a sixth in the planning stages. These entrance-exit ramps offer tremendous access to all parts of the county with major roads linking up to I-75. Other major roads serving the county are; U.S. Highway 411, U.S. Highway 41, State Route 53, State Route 136 and State Route 156. The Department of Transportation has formulated plans for improving the traffic flow through and around downtown Calhoun.
Because of its easy access to I-75, Gordon County has several motor freight carriers based in the area or nearby cities. Rail service is available through the Norfolk Southern Railroad and CSX. Air service is through Chattanooga Airport or Atlanta International Airport. Calhoun has a 5,800-foot runway for small aircraft and corporate jets.

The Calhoun/Gordon County area has experienced a steady growth over the past decade with the manufacturing sector continuing to provide a stable economic base. With its highly diversified manufacturing base, the City and County should continue to experience growth in population and industry over the coming years.







Education:

Community Schools

• 8 county public schools with 423 teachers, 6,300 students, & 235 high school graduates in 2002.
• 4 city public schools with 212 teachers, 2607 students, and 118 high school graduates in
2002.
• 2 private schools with 165 students in 2001.

Higher Education

• Technical College Coosa Valley at Rome (21 miles) with 5,197 students.
• 4-yr. Georgia Highlands College at Rome (21 miles) with 2,863 students.
• Sr. College/University: Berry College at Rome (21 miles) with 2,033 students.
• Shorter College at Rome (21 miles) with 2,139 students.
• Dalton State College at Dalton (20 miles) with 4,135 students.
• Coosa Valley Technical Institute has a campus in Calhoun with 853 students.


Utilities

Calhoun has a superior ability to supply cost – effective industrial utilities. Any size electrical load or industrial demand can be served by the City of Calhoun reliably and at low cost, through their connection to Georgia’s modern integrated transmission systems (ITS) for statewide electrical power.

Natural gas service for processing and head via a 4-inch main and 300 PSI is available to new and expanding customers through a number of independent providers.

Water, provided through the City of Calhoun, via its water system capacity of 18 MGD and an elevated storage capacity of 21 MGD. Consumption averages 12 MGD, with a maximum consumption of 15 MGD.

Sewerage services are also provided by the city with a current plant capacity of 16 MGD and an available capacity of 12 MGD for new customers. With an average daily treatment load of 10 MGD, the facility also includes a secondary extended aeration plant.

Regional Facts & Figures

Geographical Facts

• Land Area 357.60 sq. miles
• Elevation 50 to 950 ft.
• 3 rivers: the Conasauga, the Oostanaula, and the Coosawattee

Climate

Temperature

• January average 50 high to 28 low
• July average 90 high to 65 low
Rainfall

• 3.2-4.6 inches July-October
• 5.11-6.2 inches January-March

Population

• City of Calhoun: 11,231
• Gordon County: 46,433

Government

• Calhoun: mayor and four council members, four year terms
• Gordon County: five-member commission, four-year terms
• County Administrator is Chief Executive Officer
• Professional Engineer
• Zoning ordinances and subdivision design standards in city and county

Property Taxes

• Based on 40% of Fair Market Value
Sales Tax

1% local sales tax; 1% SPLOST; 1 % Roads & Recreation; in addition to 4% state sales
tax

Economic Development

Economically, Gordon County ranks in the top third of Georgia’s 159 counties.
Relocating business and industry have, in the past, found this county to be a pro-business
community with an excellent selection of utilities, a superb labor force, and state and local incentive programs.








Health Care Services

Thanks to a diligent partnership within the community, Gordon County can boast of a 21st Century medical care network that would rival many in larger metropolitan areas. This community’s commitment to a quality lifestyle can be found in the range and accessibility of healthcare facilities and personnel available to residents locally.

• 63 Medical Doctors
• 14 Dentists
• 1 full-service hospital (69 beds)
• 2 nursing homes (218 beds)
• Public health clinic
• 1 retirement center
• 1 intermediate care facility


Commercial Services

Technology

Gordon County has the latest in telecommunications and internet technologies, using fiber optic lines and integrated systems that offer broad, speedy access to information.

Financial Facilities

• 2 local banks with $374 million in local assets
• 5 branch banks with $511 billion in assets

Industrial Support Services (within 21 mile radius)

• Industrial Building, Fabricating, Electric Motor Repair
• Casting, Finishing, Forming, Machining, Tool & Die Shop

Public Accommodations

• 70 restaurants (largest capacity 300)
• 17 motels (950 rooms)
• Numerous meeting facilities (largest seats 4,000)








Municipal Services

Fire Protection

• 31 full time city personnel
• Protection outside city limits by county with a full-time force of 17
• Protection outside city limits by county with 110 volunteers
• Fire Insurance classification 5 in city

Police Protection

• 36 full-time city personnel
• Protection outside city limits by county force of 59

Garbage

• Service provided by city
• Industrial waste handled by private contractors

Professional Engineer

• Full-time licensed engineer

Zoning

• City and County have zoning ordinances and subdivision design standards

Leisure Diversions

Gordon County prides itself on providing much more than just jobs and housing for the more than 46,000 individuals who live on the in-town streets and rural farms. In addition to the necessities, there exists an abundance of extra-curricula activities and outlets for fun and entertainment. Cultural entertainment and the arts are alive and well in Calhoun and Gordon County. Music and drama groups under the umbrella of the Calhoun-Gordon Arts Council offer the community a year-round selection of first-rate performances and entertainment.

Recreation

Events

• Cherokee Capital Fair in September.
• Rodeos in July and August.
• Artist & Craftsmen festival in spring and fall.
• Battle of Resaca Re-enactment in May.
• Antique Engine Show in October.
• Downtown Concerts in May -July.

Facilities

• 16 tennis courts, 4 parks, 4 golf courses
• 1 swimming pool, 1 club facility
• Chattahoochee National Forest (8 mile) has hiking, fishing, camping.
• Salacoa Creek Park, a 343-acre recreation park, has a 126-acre lake for fishing, a beach
area with bath facilities, and a camping area.

Scenic Attractions

• John’s Mountain Wildlife Management Area (Chattahoochee National Forest)
• New Echota Cherokee Indian Historical Site and Museum
• Salacoa Creek Park
• Resaca Confederate Cemetery

State Parks

• Fort Mountain State Park (23 miles) with camping, swimming, fishing, horseback riding, hiking, mountain bike trails, mini-golf.

Public Lake/River

• Carter’s Dam (20 miles) has swimming, fishing, camping water skiing, motor boating,
mountain biking, and 62 miles of shoreline.
• Coosawattee River (local) has canoeing, rafting, fishing, swimming.
• Lake Allatoona (25 miles) has swimming, hunting, fishing, camping, picnicking, water
skiing, motor boating, public parks, and bass tournaments.
• Oostanaula River (local) has canoeing, rafting, fishing, and swimming.

Economic Profile

The incomes of residents have increased dramatically over the past 15 years. In 1980 the median household income was $6,576. This increased by 74.6% by 1990 to $14,462. The 2001 estimate was a 53.9% increase to $22,262. This increase in income is due in part to the higher labor wages within the manufacturing facilities. It is also due to the strong medical profession and the increasing number of medical professionals, which have been relocating to Calhoun.

The growth rate of Gordon County has been considerably higher in the past 25 years due
primarily to the completion of Interstate 75, which travels through the county. All
indications are that the growth trends of the surrounding counties should continue with
Gordon experiencing strong growth.


Demographic Facts

• According to the 200 Census, in Gordon County, 89.7% of the residents were white and
3.5% were Black and approximately 7.4% were Hispanic. Statewide, 65.1% of residents
were white, 28.7% were black and 5.3% were Hispanic.
• In Gordon County, 26.1% of the county’s residents were age 18 or younger, while 10.6% were age 65 or older. Statewide, 26.5% were age 18 or younger and 9.6% were age 65 or older.
• The 2000 Census reports 6.2% of Gordon County’s households were headed by females
with children under 18 years of age, compared with 9.0% statewide. Total households
with children under 18 comprised 35.8% of all households in the county and 35.0% of
those in the state.
• Between 1996 and 2000, Gordon County school system reported an average high school
drop out rate of 9.8%, for students in grades 9 to 12. Statewide, this rate is 6.8% for the
same period of time.
• Gordon County spent an average of $4,943 per student for public education each year
between 1996 and 2000. This average expenditure per student was less than the statewide
average of $5,285.
• Based on the 2000 graduating class for Gordon County school system, 57.8% of the
students were eligible for the HOPE Scholarship Program. The scholarship is available to
eligible students to attend a post-secondary school in Georgia. Statewide, 57.9% of the
graduating students were eligible for the HOPE scholarship.
• Between 1995 and 1998, the infant mortality rate (infant deaths per 1,000 live births) was 6.7 for the county. The statewide rate was 9.2 during the same period.
• In 2000, the number of physicians in the county per 1,000 population was 1.0, compared with the 1.9 state averages. Gordon County had 1.5 hospital beds per 1,000 population in 2000, which was less than the statewide average of 3.1 beds per 1,000 population.
• The 1999 index crime rate (crimes per 1,000) for Gordon County was 3.3. Statewide, in
1999, the rate was 3.4. Of the total index crimes reported, 4.3% were violent crimes,
while 95.7% were property crimes.
• Gordon County has a civilian labor force of 21,147 as of July 2002.
• Gordon County had 18,336 active registered voters as of July 2002 which is 56% of the
population which is 18 years of age or older.
• Gordon County’s average weekly wage for August 2002 was $521 compared to $703 for the state.
• Gordon County’s median home value for 2000 was $83,600 compared to $111,200 for
the state.
• Gordon County’s median household income for 2000 was $38,831 compared to $42,433 for the state.
• Gordon County’s per capita income for 2000 was $17,586 compared to $21,154 for the
state.
• Gordon County’s unemployment rate for July 2002 was 4.3% compared to 4.9% for the
state.
• Gordon County's (Rome, Georgia) cost-of-living index as of October 2002 was 95.3
compared to Georgia's average of 92.0, Marietta, GA 90.5, and Atlanta 98.1. All U.S.
Cities Reporting Average was 100.0. (Source: Georgia Southwestern State University Center for Business and Economic Development)

Miscellaneous Facts

• Gordon County has 289 full-time employees and 38 part-time employees for FY 200304.
• Gordon County has an annual all-fund budget of $32,729,056 for FY 2003-04.
• Gordon County has 761 miles of public roads of which 95% are paved.
• Gordon County has five incorporated cities – Calhoun, the county seat, Resaca,
Fairmount, Plainville, and Ranger.
• Gordon County has a land area of 355 square miles making it the 76th largest county of
the state’s 159 counties.
• Gordon County’s Building Inspection Department issued 266 single family home
building permits, 200 mobile home permits, and seven commercial permits during 2001.
• Gordon County's Building Inspection Department issued 294 single family building
permits, 142 mobile home permits, and four commercial permits during 2002.
• Gordon County's Building Inspection Department issued 334 single family building
permits, 117 mobile home permits, and 9 commercial permits during 2003.
• Gordon County has four resources that are listed on the National Register of Historic
Places – Calhoun Train Depot, Freeman-Hurt House, Resaca Town Hall, and New
Echota.
• Gordon County is served by one newspaper (Calhoun Times published twice per week), one television station (WDNN-independent station in Dalton), one cable television franchise (Comcast Cable), two local radio stations (WEBS 1110 AM and WJTH 900 AM) and one local airport (Tom B. David Airport located in Calhoun).
• Gordon County's largest agriculture enterprise is poultry. Nearly 60 million broilers,
breeders, and layers are produced annually with a total farm value of more than $152
million for 2001.
• Gordon County ranks #3 in the state for poultry-breeder production with 705,200 birds
and a total farm value of $21,156,000 for 2001.
• Gordon County ranks #3 in the state for horses-raised with 1,120 heads and a total farm
value of $2,240,000 for 2001.
• Gordon County ranks #8 in the state for beef with 14,600 head of cows/calves and a total farm value of $5,125,914 for 2001.
• Gordon County has the following occupations: production, transportation, and material moving -31.6% sales and office -24.8%, management and professional -20.9%, construction and maintenance -12.2%, service -9.6%, and farming, fishing, and forestry -0.9%. Gordon County has the following industries: manufacturing -39.4%, retail trade -12.6%, educational, health, and social services -11.5%, construction -7.7%, transportation and warehousing -4.7%, entertainment, accommodation, and food service -4.7%, professional, scientific, administrative, and waste management services -4.0%, and other (agriculture, wholesale trade, information, finance, insurance, real estate, and public administration) -15.4%.

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Plats and Photos


Click to View Aerial Photo
Click to View Aerial Photo