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1580 Carnaby Ln - Cobblestone Auto Spa 5,480 SF Specialty Building Offered at $6,250,000 at a 6.25% Cap Rate in Castle Rock, CO 80109
INVESTMENT HIGHLIGHTS
- Corporate Guarantee from Leading Operator
- Extremely Affluent Area
- Bonus Depreciation Opportunity
- Growing Industry
EXECUTIVE SUMMARY
Bang Realty and Marcus and Millichap are pleased to present the exclusive listing for a Cobblestone Auto Spa located at 1580 Carnaby Ln, Castle Rock, CO 80109. The site consists of roughly 5,077 rentable square feet of building space on an estimated 1.5-acre parcel of land. This Cobblestone Auto Spa is subject to a 20-year Triple Net (NNN) lease which will commence upon close of escrow. The annual rent will be $390,625 and has scheduled increases of 1.50% annually.
PROPERTY FACTS
| Price | $6,250,000 | Building Class | C |
| Price Per SF | $1,231.04 | Lot Size | 1.50 AC |
| Sale Type | Investment | Building Size | 5,077 SF |
| Cap Rate | 6.25% | No. Stories | 1 |
| Property Type | Specialty | Year Built | 2019 |
| Property Subtype | Car Wash |
| Price | $6,250,000 |
| Price Per SF | $1,231.04 |
| Sale Type | Investment |
| Cap Rate | 6.25% |
| Property Type | Specialty |
| Property Subtype | Car Wash |
| Building Class | C |
| Lot Size | 1.50 AC |
| Building Size | 5,077 SF |
| No. Stories | 1 |
| Year Built | 2019 |
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PROPERTY TAXES
| Parcel Number | 2351-342-18-001 | Improvements Assessment | $288,430 |
| Land Assessment | $379,690 | Total Assessment | $668,120 |
PROPERTY TAXES
Parcel Number
2351-342-18-001
Land Assessment
$379,690
Improvements Assessment
$288,430
Total Assessment
$668,120
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1580 Carnaby Ln - Cobblestone Auto Spa
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