Contacts
Michael Matusik
Prime Net Lease
Property Details
- Property Type Other
- Property Size 4,620 SF
- Lot Size 0.76 Acre
- Additional Rent Contact for pricing
- Property Tenancy Single Tenant
- Year Built 2002
- Year Renovated 2022
- Date Updated Oct 29, 2024
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Highlights
- LONG TERM LEASE - The subject property has over 17 years remaining on the initial term of a Corporate Absolute NNN Lease.
- BONUS DEPRECIATION - Fee simple ownership of a Car Wash provides the landlord the opportunity to use accelerated Bonus depreciation model. Consulting your Accountant or Tax Attorney is advised.
- EXCELLENT VISIBILITY - Site is visible from Interstate 69 with 20,500 Vehicles Per Day and 20,640 Vehicles Per Day on Chicago Street
- RENTAL INCREASES - 1% Annual Rental increases throughout the base term gives the investor the ability to hedge against inflation.
- Excellent Demographics/ Traffic- There are over 240,000 residents within a 5-mile radius of the property, with an average household income upwards of $105,000 annually.
- STRONG CORPORATE GUARANTOR - 100+ Locations by the end of 2022 backed by over 50 years of combined car wash experience between managing partners and Private Equity backed by Freeman Spogli & Co, a multi-billion dollar firm.
- ZERO LANDLORD RESPONSIBILITIES - Absolute NNN Lease. Ideal for Investors not Local to the Market or looking for a "hands o?" investment. Tenant responsible for all taxes, insurance, and maintenance including roof, structure, and parking lot.
Attachments
Getting around
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Walk Score ®
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Bike Score ®
Location
- City Coldwater, MI
- Zip Code 49036
Points of Interest
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Speedway
0.09 miles
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Citgo
0.30 miles
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Meijer
0.53 miles
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ChargePoint
1.78 miles
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Shell
1.91 miles
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Admiral
2.00 miles
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CountryMark
2.18 miles
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truck parking
6.16 miles
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car parking
6.16 miles
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Best Western Plus Coldwater Hotel
0.32 miles
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Big Lots
0.13 miles
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ALDI
0.20 miles
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Walmart Supercenter
0.25 miles
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Meijer
0.59 miles
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Coldwater World Mart
1.43 miles
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Jalisco's Grocery
1.69 miles
In-Depth Research Available for this Property
Access more in-depth information about this property — including ownership, tenant details, property characteristics and transaction history, along with local market insights and much more — on CommercialEdge.
Contact Listing Broker
Michael Matusik
Prime Net Lease