121 River Bend Dr - Car Washes FOR SALE
Granite Falls, NC 28630 |
$5,092,292 USD
332-345-4220
121 River Bend Dr
Granite Falls, NC 28630
HIGHLIGHTS
- Long Term Absolute Triple-Net (NNN) Lease | This Caliber Car Wash is subject to a long term 20-year NNN lease with about 17.5 years remaining
- Brand New Construction | Site Built & Opened in 2022 | This Caliber Car Wash was constructed in 2022
- Strong Corporate Guaranty | Caliber Car Wash has a corporate guarantee from Clydesdale Holdings, LLC
- Bonus Depreciation Opportunity | This property offers 100% bonus depreciation, offering notable tax advantages in the early years of ownership
OVERVIEW
NNN Pro is pleased to present the exclusive listing for a Caliber Car Wash located at 121 River Bend Drive, Granite Falls, North Carolina 28630. The site consists of roughly 3747 rentable square feet of building space on an estimated 1.5-acre parcel of land. This Caliber Car Wash is subject to a 20-year Triple Net (NNN) lease, which commenced 12/28/2022. The current annual rent is $330,999 and has scheduled increases of 2.00% Annually Beginning 1/1/2029.
FOR SALE DETAILS
PRICE
$5,092,292 USD
PRICE/SF
$1,359 USD /SF
CAP RATE
6.5%
% LEASED
-
TENANCY
-
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY NAME
Caliber Car Wash
PROPERTY TYPE
Specialty
PROPERTY SUBTYPE
Car Washes
TOTAL BUILDING SIZE
-
STORIES
1
BUILDING CLASS
C
YEAR BUILT
2022
SPRINKLERS
-
PARKING SPACES
-
LAND DETAILS
LAND ACRES
1.5 AC
LAND SF
65,340 SF
ZONING
-
APN/PARCEL ID
08-65A-1-6
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332-345-4220
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332-345-4220
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