Listed by Alrig USA
$9,000,000
EL Car Wash
Details
Property Type Special Purpose
Sub Type Car Wash
Square Footage 4,284
Cap Rate 6.00%
NOI $540,000
Occupancy 100%
Tenancy Single
Brand/Tenant El Car Wash
Lease Type Absolute NNN
Lease Term 20
Year Built 2026
Acreage 1.490
Special Purpose | 6.00% CAP | 4,284 SqFt
Investment highlights
- 100% Occupied by Free Standing El Car Wash
- Corporate Guarantee | 100+ Locations | Majority-Owned by Warburg Pincus
- Existing Locations Among Strongest Performing Units In The Nation
- Operating On a 20-Year Absolute NNN Lease | Leaving Zero Landlord Responsibilities
- Sale Lease Back | 20-Year Lease to Commence Upon Closing of Escrow
- 2% Annual Rental Increases
- Build To Suit Construction Planned to be Completed By May 2026
- Located on Heavily Trafficked Signalized Hard Corner
- Property Qualifies for 100% Bonus Depreciation
- Wealthy Trade Area | Average Household Income Exceeding $113,029 Within a 5 Mile Radius
- Densely Populated Trade Area With Over 188,288 Residents Within 5 Miles
- High Traffic Counts | Northwestern Hwy (81,961 CPD) & 12 Mile Road (22,697 CPD)
- Surrounding National Retailers Include; Meijer, Lowe's, Home Depot, Best Buy, Chick-Fil-A, Starbucks, Walgreens, Chipotle, Taco Bell, Pane-ra, Verizon, Five Guys Burgers and Fries, Belle Tire, Popeyes, Panda Express, Jimmy John's, Dunkin Donuts, and Many More...
Listing Contacts
Listed by Alrig USA
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Loan Amount
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Annual Debt Service
$--
$--
Annual Cash Flow
$540,000.00
$45,000.00/mo
Valuation Metrics
0
DSCR
6%
Cap Rate
6%
ROI
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