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121 River Bend Dr - Caliber Car Wash 3,747 SF Specialty Building Offered at $5,092,292 at a 6.50% Cap Rate in Granite Falls, NC 28630
INVESTMENT HIGHLIGHTS
- Long Term Absolute Triple-Net (NNN) Lease | This Caliber Car Wash is subject to a long term 20-year NNN lease with about 17.5 years remaining
- Strong Corporate Guaranty | Caliber Car Wash has a corporate guarantee from Clydesdale Holdings, LLC
- Brand New Construction | Site Built & Opened in 2022 | This Caliber Car Wash was constructed in 2022
- Bonus Depreciation Opportunity | This property offers 100% bonus depreciation, offering notable tax advantages in the early years of ownership
EXECUTIVE SUMMARY
NNN Pro is pleased to present the exclusive listing for a Caliber Car Wash located at 121 River Bend Drive, Granite Falls, North Carolina 28630. The site consists of roughly 3747 rentable square feet of building space on an estimated 1.5-acre parcel of land. This Caliber Car Wash is subject to a 20-year Triple Net (NNN) lease, which commenced 12/28/2022. The current annual rent is $330,999 and has scheduled increases of 2.00% Annually Beginning 1/1/2029.
PROPERTY FACTS
| Price | $5,092,292 | Building Class | C |
| Price Per SF | $1,359.03 | Lot Size | 1.50 AC |
| Sale Type | Investment | Building Size | 3,747 SF |
| Cap Rate | 6.50% | No. Stories | 1 |
| Property Type | Specialty | Year Built | 2022 |
| Property Subtype | Car Wash |
| Price | $5,092,292 |
| Price Per SF | $1,359.03 |
| Sale Type | Investment |
| Cap Rate | 6.50% |
| Property Type | Specialty |
| Property Subtype | Car Wash |
| Building Class | C |
| Lot Size | 1.50 AC |
| Building Size | 3,747 SF |
| No. Stories | 1 |
| Year Built | 2022 |
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PROPERTY TAXES
| Parcel Number | 08-65A-1-6 | Improvements Assessment | $303,700 |
| Land Assessment | $514,600 | Total Assessment | $818,300 |
PROPERTY TAXES
Parcel Number
08-65A-1-6
Land Assessment
$514,600
Improvements Assessment
$303,700
Total Assessment
$818,300
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121 River Bend Dr - Caliber Car Wash
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