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28879296
28879297

6 Marketplace Way, Phenix City, AL 36869

MA
NY 10401294046
SURMOUNT
FP
NY 10401333619
SURMOUNT
WS
NY 10401381479
SURMOUNT
GK
NY 49KU1129178
SURMOUNT
CM
SURMOUNT
Listed by SURMOUNT
$4,800,000
175 days on market
Updated 13 days ago

Caliber Car Wash

Details
Property Type Retail, Special Purpose
Sub Type Car Wash
Square Footage 3,802
Cap Rate 6.25%
NOI $300,000
Occupancy 100%
Tenancy Single
Lease Type NNN
Lease Term 22
Remaining Term 22
Price per SqFt $1,262
Year Built 2020
Acreage 0.950
Investment Type Sale/Leaseback
Tenant Credit Corporate Guarantee
Ownership Fee Simple

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.

Listing Contacts

MA
NY 10401294046
SURMOUNT
FP
NY 10401333619
SURMOUNT
WS
NY 10401381479
SURMOUNT
GK
NY 49KU1129178
SURMOUNT
CM
SURMOUNT
Listed by SURMOUNT

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Loan Amount
$0.00
Annual Debt Service
$--
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Annual Cash Flow
$300,000.00
$25,000.00/mo

Valuation Metrics

0
DSCR
6.25%
Cap Rate
6.25%
ROI

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Additional Information

Name
Brian Brockman
License
RB14037939
Brokerage
Bang Realty, Inc
Title
Broker of Record
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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