MACH-1 Express Car Wash | Bonus Depreciation Eligible
1.50% Annual Rent Bumps | 18.25-Year Abs NNN Lease
Marketing description
Mach-1 Express Wash was officially established in 2018, but our history begins much earlier than that. Twelve years before, in 2006, our founder and his team operated their first express wash after dabbling in the self-serve carwash business since 2003. With over 15 years in the express carwash business, we know what it takes to be the best in the industry. As a family-owned and operated company, we're committed to a set of community and family-oriented values, with a local focus and a national reach. We pride ourselves on maintaining an "everything it takes" approach to customer service, team member development, and community engagement. By recruiting talented and driven team members, investing in top-of-the-line equipment, and utilizing only sustainable, eco-friendly materials, we provide our customers with first-class service at a competitive price.
Investment highlights
- The subject property qualifies for Bonus Depreciation (please discuss with your accountant for more information).
- 2024 Built-to-Suit construction for Mach 1 Car Wash.
- Absolute NNN Lease with zero Landlord Responsibilities.
- 20-year lease with attractive 1.50% annual rent increases for the entirety of the lease (includes option periods).
- Densely populated retail corridor with national tenants such as Walmart, Lowe's, ALDI, Chick-fil-A, Starbucks, AMC, Hobby Lobby, Planet Fitness, McDonald's, Arby's, Zaxby's, Dairy Queen, Chicken Salad Chick, Tractor Supply, Golden Corral, Taco Bell, Big Lots, Sonic, PNC Bank, Slim Chickens, Burger King, KFC, Papa Johns, Harbor Freight Tools, and many more.
- Located adjacent to Heritage Park - a 72-acre sports complex, dog park, and trail. The park hosts more than 40 travel baseball and softball tournaments annually, which generate tens of thousands of visitors and millions in economic growth to the Cullman Park.
- Less than 1 mile from a Walmart Distribution Center.
- Corporately guaranteed lease from Mach One, Inc., the lease is also accompanied by a single entity guaranty as well as a person guaranty.
- Traffic counts over ±20,000 VPD on Cherokee Ave SW.
- 3-Mile population of ± 18,323 residents.
- 5-Mile population of ± 29,711 residents.
- Average household income of $96,361 annually.
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