Listed by SRS Real Estate Partners - Global Company, SRS Real Estate Partners Newport Beach
$5,349,000
White Water Express Car Wash
Details
APN R-12188-00A-0010-1
Property Type Retail
Sub Type Storefront
Square Footage 5,144
Cap Rate 5.75%
NOI $307,547
Occupancy 100%
Tenancy Single
Brand/Tenant White Water Express
Lease Type Absolute NNN
Lease Term 17
Lease Expiration 12/31/2040
Remaining Term 14.6
Rent Bumps Yes
Lease Options 3 (5-Year)
Price per SqFt $1,040
Class A
Year Built 2019
Stories 1
Acreage 1.130
Zoning C-2
Parking Spaces 27 spaces
Parking Per SqFt 5.25
Investment Type Net Lease
Tenant Credit Corporate Guarantee
Lease Commencement 12/19/2023
Ground Lease No
Ownership Fee Simple (Land & Building Ownership)
Retail | 5.75% CAP | 5,144 SqFt
Investment highlights
Corporate Guaranteed Lease | Options To Extend | Annual Rental Increases | Bonus Depreciation
Absolute NNN | Fee Simple Ownership | Zero Landlord Responsibilities
Across From Major Retail Developments | Explosive Housing Development | Primary Retail Corridor
Strong Demographics In 5-Mile Trade Area | High Growth Area
Listing Contacts
Listed by SRS Real Estate Partners - Global Company, SRS Real Estate Partners Newport Beach
Valuation Calculator
Login or Sign up to see Valuation Metrics
Sign up for Crexi to see valuation metrics for this property
Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$307,547.00
$25,628.92/mo
Valuation Metrics
0
DSCR
5.75%
Cap Rate
5.75%
ROI
Map
Broker Selected Comps View More Comps
Property History
Similar Properties
Additional Information
Name
License
Brokerage
Title
Name
License
Brokerage
Brokerage Address
Is there information that looks off?
