Listed by Arsenal Real Estate Advisors, Professional Realty Services Idaho
$10,583,777
Rocket Express Car Wash | 15+ Year Operating History
Details
Property Type Retail, Special Purpose
Sub Type Car Wash, Gas Station
Square Footage 8,538
Units 1
Cap Rate 6.75%
NOI $714,405
Occupancy 100%
Tenancy Single
Lease Type Absolute NNN
Lease Term 20
Lease Expiration 11/30/2041
Remaining Term 15.4
Rent Bumps Yes
Lease Options 3, 10-Year Options
Year Built 2010
Buildings 1
Acreage 1.950
Parking Spaces 34 spaces
Parking Per SqFt 3.98
Investment Type Net Lease
Tenant Credit Corporate Guarantee
Lease Commencement 11/30/2021
Ground Lease No
Ownership Fee Simple
High Performing Car Wash | Bonus Depreciation | Absolute NNN Lease
Marketing description
***PORTFOLIO AVAILABLE *** - CONTACT BROKER
Investment highlights
Founding Rocket Express Location | 15+ Year Operating History
Absolute NNN Lease w/ +/- 16 Years Remaining | 2.00% Annual Rent Escalations
100% Bonus Depreciation Eligible Asset
High-Visibility Location on Blue Lakes Blvd (+/- 30k VPD)
Strong & Growing Demographics Supporting Long-Term Performance
Listing Contacts
Listed by Arsenal Real Estate Advisors, Professional Realty Services Idaho
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$714,405.00
$59,533.75/mo
Valuation Metrics
0
DSCR
6.75%
Cap Rate
6.75%
ROI
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