Listed by Marcus & Millichap - Denver
$3,330,000
Autowash
Details
Property Type Special Purpose
Sub Type Car Wash
Square Footage 3,584
Cap Rate 6.50%
NOI $216,486
Occupancy 100%
Tenancy Single
Lease Type Absolute NNN
Lease Term 20
Lease Expiration 09/30/2040
Remaining Term 14
Rent Bumps Yes
Lease Options 2 X 10-Year
Year Built 2002
Acreage 0.750
Zoning CG
Investment Type Net Lease
Tenant Credit Corporate Guarantee
Lease Commencement 06/22/2023
Ground Lease No
Sale Condition N/A
Special Purpose | 6.50% CAP | 3,584 SqFt
Investment highlights
- Corporate Guaranteed Absolute NNN Lease
- Bonus Depreciation Upside Cost Segregation Eligible
- 14 Years Remaining with 2% Annual Increases
- 2 Touchless Automatic Wash Bays | 4 Self Serve Bays
- Experienced 25+ Unit Operator
- Located in Dense Retail Corridor Surrounded by National Tenants
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
6.5%
Cap Rate
6.5%
ROI
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