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5762 W Central Ave - WhiteWater Express Car Wash - Toledo, OH 3,756 SF Specialty Building Offered at $4,660,000 at a 6.60% Cap Rate in Toledo, OH 43615
Investment Highlights
- 17-Plus Years Remaining on Absolute Triple-Net (NNN) Lease with Corporate Guaranty
- WhiteWater Express Car Wash Operates Approximately 140 Locations Throughout Seven States
- Average Household Income of Over $108,000 within Three Miles of the Site
- 1.25 Percent Annual Rental Increases with Multiple Renewal Options
- Dense Toledo Trade Area with a Daytime Population Exceeding 188,125 People within a Five-Mile Radius
- Across from Walmart Supercenter and Surrounded by Car Dealerships
Executive Summary
WhiteWater Express Car Wash provides high-quality car wash services, with professional staff to tend to customers’ every need. Car washes include features like high-intensity tri-foam polish, wheel cleaning, rain repellant, tire shine, flash dry, free vacuums, and more.
Located at the western end of Lake Erie and bordering southern Michigan, Toledo is an hour south of Detroit and two hours west of Cleveland. The metro is composed of Lucas, Wood, and Fulton counties. Three key interstate highways run through Toledo - Interstate 75, the Ohio Turnpike, and Interstate 475 - benefiting the local economy and providing a tailwind for logistics employment.
Located at the western end of Lake Erie and bordering southern Michigan, Toledo is an hour south of Detroit and two hours west of Cleveland. The metro is composed of Lucas, Wood, and Fulton counties. Three key interstate highways run through Toledo - Interstate 75, the Ohio Turnpike, and Interstate 475 - benefiting the local economy and providing a tailwind for logistics employment.
Property Facts
| Price | $4,660,000 | Building Class | B |
| Price Per SF | $1,240.68 | Lot Size | 0.93 AC |
| Sale Type | Investment | Building Size | 3,756 SF |
| Cap Rate | 6.60% | No. Stories | 1 |
| Property Type | Specialty | Year Built | 2023 |
| Property Subtype | Car Wash | ||
| Zoning | C1 | ||
| Price | $4,660,000 |
| Price Per SF | $1,240.68 |
| Sale Type | Investment |
| Cap Rate | 6.60% |
| Property Type | Specialty |
| Property Subtype | Car Wash |
| Building Class | B |
| Lot Size | 0.93 AC |
| Building Size | 3,756 SF |
| No. Stories | 1 |
| Year Built | 2023 |
| Zoning | C1 |
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Property Taxes
| Parcel Number | 78-54151 | Improvements Assessment | $539,000 |
| Land Assessment | $350,000 | Total Assessment | $889,000 |
Property Taxes
Parcel Number
78-54151
Land Assessment
$350,000
Improvements Assessment
$539,000
Total Assessment
$889,000
Contacts
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Alex Frankel -
Mark Ruble -
Christopher Lind -
Zack House -
Michael Glass -
Marcus & Millichap
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5762 W Central Ave - WhiteWater Express Car Wash - Toledo, OH
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