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1672 College St - Take 5 Car Wash 2,700 SF Specialty Building Offered at $2,309,141 at a 6.50% Cap Rate in Auburn, AL 36832
Investment Highlights
- Priced Below Development Costs | This Whistle Express Car Wash presents a unique opportunity to acquire a high-quality asset
- 1 Mile from Auburn University | The property is located just one mile from Auburn University
- Bonus Depreiciation | This property offers 100% bonus depreciation, offering notable tax advantages in the early years of ownership
- Lease Guaranteed By Whistle Express | Largest Car Wash Operator In America | The lease is backed by Whistle Express
Executive Summary
Surmount is pleased to present the exclusive listing for a Take 5 Car Wash located at 1672 South College Street, Auburn, Alabama 36832. The site consists of roughly 2700 rentable square feet of building space on an estimated 0.93-acre parcel of land. This Take 5 Car Wash is subject to a 10-year Triple Net (NNN) lease, which commenced 12/28/2028. The current annual rent is $150,094 and has scheduled increases of 1.75% Annually.
Property Facts
| Price | $2,309,141 | Building Class | C |
| Price Per SF | $855.24 | Lot Size | 0.93 AC |
| Sale Type | Investment NNN | Building Size | 2,700 SF |
| Cap Rate | 6.50% | No. Stories | 1 |
| Property Type | Specialty | Year Built | 2014 |
| Property Subtype | Car Wash | Opportunity Zone |
Yes
|
| Price | $2,309,141 |
| Price Per SF | $855.24 |
| Sale Type | Investment NNN |
| Cap Rate | 6.50% |
| Property Type | Specialty |
| Property Subtype | Car Wash |
| Building Class | C |
| Lot Size | 0.93 AC |
| Building Size | 2,700 SF |
| No. Stories | 1 |
| Year Built | 2014 |
| Opportunity Zone |
Yes |
1 1
Property Taxes
| Parcel Number | 19-01-01-0-000-029.000 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $168,720 |
Property Taxes
Parcel Number
19-01-01-0-000-029.000
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$168,720
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1672 College St - Take 5 Car Wash
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