Log In/Sign Up
51057 Milano Dr
Macomb, MI 48042
WhiteWater Express Car Wash · Specialty Property For Sale
·
5,893 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 DEMOGRAPHICS - One of the Fastest Growing Communities in the State with a 5-Mile Population of 192,000+ residents.
- 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 | No. Stories | 1 |
| Property Subtype | Car Wash | Year Built/Renovated | 1993/2022 |
| Building Class | C | Tenancy | Single |
| Lot Size | 1.37 AC | Parking Ratio | 3.05/1,000 SF |
| Building Size | 5,893 SF | ||
| Zoning | C4 | ||
| Property Type | Specialty |
| Property Subtype | Car Wash |
| Building Class | C |
| Lot Size | 1.37 AC |
| Building Size | 5,893 SF |
| No. Stories | 1 |
| Year Built/Renovated | 1993/2022 |
| Tenancy | Single |
| Parking Ratio | 3.05/1,000 SF |
| Zoning | C4 |
Property Taxes
| Parcel Number | 20-08-18-451-006 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $459,500 |
Property Taxes
Parcel Number
20-08-18-451-006
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$459,500
1 of 1
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
