16 Maplewood Ave - Car Washes FOR SALE


Bloomfield, CT 06002
$5,596,639 USD
704-807-6452
16 Maplewood Ave, Bloomfield, CT for Sale
$5,596,639 USD
Car Washes - FOR SALE
1/4
null | 5.95% Cap Rate

16 Maplewood Ave
Bloomfield, CT 06002


HIGHLIGHTS

  • SPEEDERS CAR WASH | 20Y ABS. NNN SALE-LEASEBACK | 1.50% ANNUAL INCREASES | CORP. GUARANTEE (100+ UNITS)
  • OUTSTANDING UNIT-LEVEL SALES AND RENT COVERAGE | STRONG CORPORATE GUARANTEE AND PRIVATE EQUITY SPONSORSHIP
  • AFFLUENT AND DENSELY POPULATED AREA | 196K RESIDENTS & $110K AHHI WITHIN 5 MILES
  • EXCELLENT TRAFFIC COUNT | COMBINED 50K VPD | MINUTES TO I-91 & DOWNTOWN HARTFORD
  • NEW 164-UNIT APARTMENT DEVELOPMENT | BLUE HILLS AVENUE CORRIDOR | WEST FARMS & THE SHOPS AT FARMINGTON VALLEY
  • 100% BONUS DEPRECIATION ELIGIBL | MUST CONSULT TAX ADVISOR

OVERVIEW

Northmarq is pleased to offer for sale to qualified investors the opportunity to purchase an express car wash leased to Speeders Car Wash with an original 20-year Absolute NNN lease. This lease includes 1.50% annual rent escalations throughout the base term and the four 5-year extension options. Fee simple car wash properties qualify for 100% Bonus Depreciation in 2026 (must consult a tax professional). In Association With John Rotunno, CT Lic. #REB.0790732.

FOR SALE DETAILS

PRICE

$5,596,639 USD

PRICE/SF

$1,045 USD /SF

CAP RATE

5.95%

% LEASED

-

TENANCY

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Speeders Car Wash (Sale-Leaseback)

PROPERTY TYPE

Specialty

PROPERTY SUBTYPE

Car Washes

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

B

YEAR BUILT

1983

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.55 AC

LAND SF

67,518 SF

ZONING

I-2

APN/PARCEL ID

BLOO-000089-000000-001061

ASK ABOUT THIS PROPERTY

Jim CeresnakNorthmarqMore Info
704-807-6452

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Jim CeresnakNorthmarqMore Info
704-807-6452

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.