1905 W Main St - Take 5 Car Wash 3,285 SF Specialty Building Offered at $1,095,534 at a 5.80% Cap Rate in Centre, AL 35960
INVESTMENT HIGHLIGHTS
- Long-Term, 20-Year Absolute Triple Net (NNN) Lease
- Strong Guarantee from International Car Wash Group Ltd.
- 1.50% Annual Rental Increases
EXECUTIVE SUMMARY
NNN Pro is pleased to present the exclusive listing for a Take 5 Car Wash
located at 1905 W Main Street, Centre, AL 35960. The site consists of
roughly 3,285 rentable square feet of building space on an estimated 0.99-
acre parcel of land. This Take 5 Car Wash is subject to a 20-year Triple Net
(NNN) lease, which commenced 9/30/2019. The current annual rent is
$63,541 and has scheduled increases of 1.50% Annually.
located at 1905 W Main Street, Centre, AL 35960. The site consists of
roughly 3,285 rentable square feet of building space on an estimated 0.99-
acre parcel of land. This Take 5 Car Wash is subject to a 20-year Triple Net
(NNN) lease, which commenced 9/30/2019. The current annual rent is
$63,541 and has scheduled increases of 1.50% Annually.
PROPERTY FACTS
| Price | $1,095,534 |
| Price Per SF | $333.50 |
| Sale Type | Investment |
| Cap Rate | 5.80% |
| Property Type | Specialty |
| Property Subtype | Car Wash |
| Building Class | C |
| Lot Size | 0.99 AC |
| Building Size | 3,285 SF |
| No. Stories | 1 |
| Year Built | 2012 |
| Opportunity Zone |
Yes |
PROPERTY TAXES
| Parcel Number | 14-04-17-3-000-027.005 | Improvements Assessment | $95,060 |
| Land Assessment | $27,020 | Total Assessment | $122,080 |
CONTACTS
-
Glen Kunofsky -
James Westerberg -
Howie Curd -
Joseph Kelly -
NNN Pro Group
