Caliber Car Wash
Retail | 6.50% CAP | 3,747 SqFt
Marketing description
NNN Pro is pleased to present the exclusive listing for a Caliber Car Wash located at 121 River Bend Drive, Granite Falls, NC 28630. The site consists of roughly 3,747 rentable square feet of building space on an estimated 1.5-acre parcel of land. This Caliber Car Wash is subject to a 20-year Triple Net (NNN) lease, which commenced 12/28/2022. The current annual rent is $330,999 and has scheduled increases of 2.00% annually beginning 1/1/2029.
Investment highlights
Long Term Absolute Triple-Net (NNN) Lease | This Caliber Car Wash is subject to a long term 20-year NNN lease with about 17.5 years remaining. The lease is absolute triple-net (NNN), in which the landlord has zero responsibilities.
Brand New Construction | Site Built & Opened in 2022 | This Caliber Car Wash was constructed in 2022 and delivered as a brand-new, state-of-theart facility. Purpose-built to the latest brand standards, the property features modern equipment and site layout optimized for operational efficiency and customer throughput.
Strong Corporate Guaranty | Caliber Car Wash has a corporate guarantee from Clydesdale Holdings, LLC. Caliber Car Wash currently operates over 60 locations across Florida, Georgia, North Carolina, South Carolina, Alabama, and Texas.
Bonus Depreciation Opportunity | This property offers 100% bonus depreciation, offering notable tax advantages in the early years of ownership. This form of depreciation enhances after-tax cash flow and adds to overall investment returns, making this property ideal for investors looking for tax treatment on real estate holdings. SURMOUNT is not a tax advisor. Please consult your own tax professional.
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