360 N Willowbrook Rd | Coldwater, MI 49036
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- LoopNet Team
360 N Willowbrook Rd
Coldwater, MI 49036
WhiteWater Express Car Wash · Specialty Property For Sale
·
4,620 SF
INVESTMENT HIGHLIGHTS
- LONG TERM LEASE - The subject property has over 18 years remaining on the initial term of a Corporate Absolute NNN Lease.
- EXCELLENT VISIBILITY - Site is visible from Interstate 69 with 20,500 Vehicles Per Day and 20,640 Vehicles Per Day on Chicago Street.
- STRONG CORPORATE GUARANTOR - 100+ Locations by the end of 2022 backed by over 50 years of combined car wash experience.
- BONUS DEPRECIATION - Fee simple ownership of a Car Wash provides the landlord the opportunity to use accelerated Bonus depreciation model.
- RENTAL INCREASES - 1% Annual Rental increases throughout the base term gives the investor the ability to hedge against inflation.
- ZERO LANDLORD RESPONSIBILITIES - Absolute NNN Lease. Ideal for Investors not Local to the Market or looking for a "hands o?" investment
PROPERTY FACTS
| Property Type | Specialty | Building Size | 4,620 SF |
| Property Subtype | Car Wash | No. Stories | 1 |
| Building Class | C | Year Built | 2002 |
| Lot Size | 1.17 AC | Parking Ratio | 2.6/1,000 SF |
| Zoning | CM | ||
| Property Type | Specialty |
| Property Subtype | Car Wash |
| Building Class | C |
| Lot Size | 1.17 AC |
| Building Size | 4,620 SF |
| No. Stories | 1 |
| Year Built | 2002 |
| Parking Ratio | 2.6/1,000 SF |
| Zoning | CM |
PROPERTY TAXES
| Parcel Number | 302-000-001-035-05 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $351,350 |
PROPERTY TAXES
Parcel Number
302-000-001-035-05
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$351,350
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