Listed by Marcus & Millichap - Denver
$3,430,000
Autowash
Details
Property Type Retail, Special Purpose
Sub Type Auto Shop, Car Wash
Square Footage 3,584
Net Rentable (SqFt) 3,584
Units 1
Cap Rate 6.31%
NOI $216,486
Occupancy 100%
Tenancy Single
Brand/Tenant Autowash
Lease Type Absolute NNN
Lease Term 17.3
Lease Expiration 09/30/2040
Remaining Term 14.3
Rent Bumps Yes
Lease Options 2 x 10-Year
Price per SqFt $957
Broker Co-Op Yes
Year Built 2002
Buildings 1
Acreage 0.750
Zoning CG
Investment Type Net Lease
Tenant Credit Corporate Guarantee
Lease Commencement 06/22/2023
Occupancy Date 06/22/2023
Ground Lease No
CORP GUARANTEED ABS NNN | 6.31% CAP | BONUS DEPRECIATION
Investment highlights
LOCATED IN DENSE RETAIL CORRIDOR | SURROUNDED BY NATIONAL TENANTS
BONUS DEPRECIATION UPSIDE | COST SEGREGATION ELIGIBLE
14 YEARS REMAINING WITH 2% ANNUAL INCREASES
EXPERIENCED 25+ UNIT OPERATOR
3 TOUCHLESS AUTOMATIC WASH BAYS | 3 SELF SERVE BAYS
Listing Contacts
Listed by Marcus & Millichap - Denver
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$216,486.00
$18,040.50/mo
Valuation Metrics
0
DSCR
6.31%
Cap Rate
6.31%
ROI
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