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18155 Mack Ave - El Car Wash 4,700 SF Specialty Building Offered at $7,500,000 at a 6% Cap Rate in Detroit, MI 48224
Investment Highlights
- ATTRACTIVE RENT INCREASES
- ZERO MANAGEMENT RESPONSIBILITIES
- PRIME COMMERCIAL MARKET
- DYNAMIC TENANT
- POTENTIAL BONUS DEPRECIATION
- HIGH TRAFFIC COUNTS
Executive Summary
Horvath & Tremblay is pleased to present the exclusive opportunity to purchase a new construction single tenant El Car Wash located at 18155 Mack Avenue in Detroit, Michigan (the “Property”). This is a sale-leaseback of a free-standing single tenant El Car Wash consisting of a single-story 4,700 square foot building on a 1.24-acre parcel. El Car Wash will sign a new 20-year Absolute NNN Lease, with six (6), 5-year renewal options upon the close of escrow. The lease calls for attractive 2.0% annual rent increases throughout the base term and each of the renewal options.
The new construction property is extremely well located along Mack Avenue, the area’s primary commercial and commuter corridor. The Property enjoys outstanding visibility, frontage and access and is in the center of a dense trade area that is home to large shopping centers, national and local retailers, restaurants, and medical facilities, all of which drive traffic to the area. El Car Wash is also within minutes of several area schools and is surrounded densely populated residential neighborhoods and apartment buildings providing a built-in customer base.
The Property is positioned 8 miles northeast of Downtown Detroit adjacent to Grosse Pointe and Gross Pointe Farms, two of the most affluent communities in the Detroit Metropolitan area.
The new construction property is extremely well located along Mack Avenue, the area’s primary commercial and commuter corridor. The Property enjoys outstanding visibility, frontage and access and is in the center of a dense trade area that is home to large shopping centers, national and local retailers, restaurants, and medical facilities, all of which drive traffic to the area. El Car Wash is also within minutes of several area schools and is surrounded densely populated residential neighborhoods and apartment buildings providing a built-in customer base.
The Property is positioned 8 miles northeast of Downtown Detroit adjacent to Grosse Pointe and Gross Pointe Farms, two of the most affluent communities in the Detroit Metropolitan area.
Property Facts
| Price | $7,500,000 | Building Class | C |
| Price Per SF | $1,595.74 | Lot Size | 1.24 AC |
| Sale Type | Investment NNN | Building Size | 4,700 SF |
| Cap Rate | 6% | No. Stories | 1 |
| Property Type | Specialty | Year Built | 2026 |
| Property Subtype | Car Wash | ||
| Zoning | B4 | ||
| Price | $7,500,000 |
| Price Per SF | $1,595.74 |
| Sale Type | Investment NNN |
| Cap Rate | 6% |
| Property Type | Specialty |
| Property Subtype | Car Wash |
| Building Class | C |
| Lot Size | 1.24 AC |
| Building Size | 4,700 SF |
| No. Stories | 1 |
| Year Built | 2026 |
| Zoning | B4 |
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Moderately walkable
60/100
Very drivable
80/100
Limited public transit
30/100
Fairly bikeable
40/100
Property Taxes
| Parcel Number | 21-0015980 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $178,700 |
Property Taxes
Parcel Number
21-0015980
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$178,700
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