52700 Gratiot Ave | New Baltimore, MI 48051
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- LoopNet Team
52700 Gratiot Ave
New Baltimore, MI 48051
WhiteWater Express Car Wash · Specialty Property For Sale
·
8,726 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 94 with 57,200 Vehicles Per Day and 20,000 Vehicles Per Day on Gratiot Avenue.
- 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 | 1998/2022 |
| Building Class | C | Tenancy | Single |
| Lot Size | 2.61 AC | Parking Ratio | 0.8/1,000 SF |
| Building Size | 8,726 SF | ||
| Zoning | C4 | ||
| Property Type | Specialty |
| Property Subtype | Car Wash |
| Building Class | C |
| Lot Size | 2.61 AC |
| Building Size | 8,726 SF |
| No. Stories | 1 |
| Year Built/Renovated | 1998/2022 |
| Tenancy | Single |
| Parking Ratio | 0.8/1,000 SF |
| Zoning | C4 |
PROPERTY TAXES
| Parcel Number | 15-09-17-227-011 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $638,700 |
PROPERTY TAXES
Parcel Number
15-09-17-227-011
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$638,700
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