Property History
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Brand-New Construction WhiteWater Express Car Wash:
Corporate guaranteed lease ($400 million net worth)
Annual rental increases
Absolute NNN lease with no landlord responsibilities
20-year initial lease term with four 5-year options
Fee-simple investment ideal for bonus depreciation (includes land and building)
Why Investors Choose WhiteWater Express Car Wash: WhiteWater Express leased properties have historically sold at a premium above most other car wash operators
Strategic management with over 50 years of combined wash experience between the managing partners and a true passion for the industry
Some of the highest percentages of recurring membership revenue in the industry
125+ locations; private equity backed by multi-billion-dollar firm, Freeman Spogli & Co.
Locations in 9 MSAs throughout the U.S. and 20+ new sites under greenfield development (all branded and operated the exact same for a consistent customer experience)
Strong Retail Trade Area; Surrounded by Top Performing Tenants (Based on Customer Traffic According to Placer.ai)
Dense, High Growth Demographics:
292,195 people within a 5-mile radius
39% population growth within a 5-mile radius from 2010 to 2020
Livonia is Part of the Detroit MSA; 5.4 Million Residents:
30-minute drive from Downtown Detroit
The largest employers in the Detroit region include Ford Motor Company (47,750 employees), Stellantis (42,444 employees), General Motors (38,600 employees), and the University of Michigan (35,620 employees), totaling more than 164,400 full-time employees in 2022
Loan History
Financial History
Tax History
Contact Information
Ownership Information
Zoning
Property Details
Contacts
Map
Comparable Properties
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