Wash Rite Car Wash
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PROPERTY INFORMATION
Price:
$350,000
Cap Rate:
6.0%
Term Remaining:
27.5 Years Years
Year Built:
2006
Status:
Available
INVESTMENT HIGHLIGHTS
- 1,600 SF Wash Rite Car Wash on .48 Acres
- Outparcel to Walmart Supercenter Retail Development
- Additional Surrounding Retail Tenants Include: CATO, Sherwin Williams, Rent-a-Center, Great Clips, Pizza Hut, Bob Evans & Skyline Chili
- 40 Year Ground Lease | No Landlord Responsibilities
- 10% - 17% Rent Increases Every 5 Years
- 10 Mile Population Exceeds 32,000 Residents
- $885,865 In Total Rent Payments Due Before Term Expiration
- 10 Mile Average Household Income Exceeds $63,000