235 John St | Fall River, MA 02721
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- LoopNet Team
235 John St
Fall River, MA 02721
Automotive Services Sale Leaseback · Specialty Property For Sale
·
9,921 SF
INVESTMENT HIGHLIGHTS
- Long term absolute triple net lease with annual escalations
- Healthy EBITDAR/rent coverage ratio at ~4.0x
- This asset qualifies for bonus depreciation
- Strong tenant financial profile with a 65% adjusted EBITDA margin
- Mission critical property located in the desirable Bristol County market
- Significant growth potential for the car wash industry with a 5.7% CAGR projected through 2030 (~$24B TAM)
PROPERTY FACTS
| Property Type | Specialty | No. Stories | 1 |
| Property Subtype | Car Wash | Year Built | 1951 |
| Building Class | C | Parking Ratio | 5.04/1,000 SF |
| Lot Size | 0.68 AC | No. Drive In / Grade-Level Doors | 6 |
| Building Size | 9,921 SF | Cross Streets | Branch St |
| Zoning | Commercial | ||
| Property Type | Specialty |
| Property Subtype | Car Wash |
| Building Class | C |
| Lot Size | 0.68 AC |
| Building Size | 9,921 SF |
| No. Stories | 1 |
| Year Built | 1951 |
| Parking Ratio | 5.04/1,000 SF |
| No. Drive In / Grade-Level Doors | 6 |
| Cross Streets | Branch St |
| Zoning | Commercial |
AMENITIES
- Bus Line
PROPERTY TAXES
| Parcel Number | FALL-000015I-000000-000022 | Improvements Assessment | $427,100 |
| Land Assessment | $159,500 | Total Assessment | $586,600 |
PROPERTY TAXES
Parcel Number
FALL-000015I-000000-000022
Land Assessment
$159,500
Improvements Assessment
$427,100
Total Assessment
$586,600
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