Caliber Car Wash
Retail | 6.25% CAP | 3,802 SqFt
Marketing description
Surmount is pleased to present the exclusive listing for a Caliber Car Wash located at 6 Marketplace Way, Phenix City, AL 36867 . The site consists of roughly 3,802 rentable square feet of building space on an estimated 0.95-acre parcel of land. This Caliber Car Wash is subject to a 22-year Triple Net (NNN) lease which will commence upon close of escrow. The annual rent will be $300,000 and has scheduled increases of 2.00% annually.
Investment highlights
Strong Corporate Guarantee | The lease features a strong corporate guarantee from Caliber Car Wash's corporate entity, Clydesdale Holdings, LLC, which operates over 64 locations nationwide. This guarantee reinforces the strength of the tenant and enhances the security of this investment.
Strong Performing Adjacent Tenants and Traffic Counts | The subject property is located adjacent to a Walmart Supercenter that ranks in the top 12% nationwide according to Placer.ai. This Caliber Car Wash benefits from this positioning as this Walmart and surrounding tenants increases consumer traffic to the immediate area. This retail corridor benefits from high traffic counts along U.S. Highway 280 which sees over 30,000 vehicles per day on average.
Bonus Depreciation | 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.
Surrounded by Essential Retail and Daily Needs Tenants | The site is strategically positioned near national retailers including Walmart Supercenter, ALDI, Chick-fil-A, McDonalds, Chipotle, and many more. This clustering of complementary traffic-driving tenants enhances site traffic and creates a dynamic, high-demand trade area.
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