Soak + Shine Car Wash | New 20 Yr Abs NNN Lease
Qualifies for 100% Bonus/Accelerated Depreciation | 6.75% CAP | 2,002 SqFt
Marketing description
Soak + Shine Auto and Pet Wash is revolutionizing the car wash experience by offering a state-of-the-art automatic tunnel, self-serve car wash bays, and self-serve pet wash systems.
The Phoenix metro consists of Maricopa and Pinal counties, and includes more than 30 incorporated and more than 30 unincorporated towns and cities. As of 2020, Metro Phoenix had 4.8 million residents, making it the nation’s 11th-largest metropolitan area.
Investment highlights
» Brand New 20-Year Absolute Triple-Net (NNN) Lease
» 2% Annual Rental Increases with Multiple Renewal Options
» Full Renovation Completed in 2022 - Conveyor-Style Car Wash with Full Detailing Service, 5-Bay Self-Serve Car Wash, Self-Serve Pet Wash, and 8 Vacuum Stations
» Qualifies for 100% Bonus/Accelerated Depreciation
» 122,126 Residents within a 5-Mile Radius - Growing Trade Area in the Ahwatukee Foothills Community
» Affluent Trade Area - $148,000 Average Household Income in the Immediate Area
» Situated at the High-Traffic Intersection of Chandler Boulevard and 32nd Street (±61,900 Cars per Day)
» Less Than 1 Mile Off the Loop 202 Freeway, a Major Connector for the Phoenix MSA (±51,600 Cars per Day)
» Down the Road from ±2,800 Students at Desert Vista High School
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