Caliber Car Wash
Retail | 6.50% CAP | 3,754 SqFt
Marketing description
NNN Pro is pleased to present the exclusive listing for a Caliber Car Wash located at 110 N Beltline Drive, Florence, SC 29501. The site consists of roughly 3,754 rentable square feet of building space on an estimated 1.07-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 $310,000 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 2023 | This location was newly constructed and delivered in 2023, offering investors a modern, turnkey asset with zero deferred maintenance concerns.
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.
Lower Price Point For New Construction Car Wash | Priced under $5 million, this offering provides investors a rare opportunity to acquire a brand new, corporately guaranteed car wash at an attractive basis with a 6.50% CAP rate.
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