1611 Schofield Ave - Car Washes FOR SALE
Schofield, WI 54476 |
$5,333,333 USD
1611 Schofield Ave
Schofield, WI 54476
HIGHLIGHTS
- Tommy’s Express Car Wash | Brand-New 20-Year Sale-Leaseback | 1.75% Annual Increases | Absolute NNN Lease
- High-Performing Location | Outstanding Membership Revenues | Price Increases Recently Implemented
- High-Traffic Intersection | 30K+ VPD | Critical Access to Highways
- Growing Operator | Multiple Sites in Market | Supportive of Membership Sales
- National Leader in Car Wash Franchise Model | 200+ Locations Open | Expanding Internationally
- Rapid Industry Growth | 72% of Drivers Use Professional Car Washing Services | Eligible for Accelerated Depreciation & 60% Bonus Depreciation
OVERVIEW
Northmarq is pleased to offer for sale to qualified investors, the opportunity to purchase an express car wash leased to Tommy’s Express Car Wash with a brand-new 20-year Absolute NNN lease. This lease includes 2.00% annual rent escalations throughout the base term and each of the 6, 5-year options. Fee simple car wash properties qualify for Accelerated Depreciation and 60% Bonus Depreciation in 2024 (must consult a tax professional). In Association with BJ Feller, WI Lic. #57176-90.
FOR SALE DETAILS
PRICE
$5,333,333 USD
PRICE/SF
$1,330 USD /SF
CAP RATE
7.5%
% LEASED
-
TENANCY
-
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY NAME
Tommy's Express Car Wash
PROPERTY TYPE
Specialty
PROPERTY SUBTYPE
Car Washes
TOTAL BUILDING SIZE
-
STORIES
1
BUILDING CLASS
B
YEAR BUILT
2020
SPRINKLERS
-
PARKING SPACES
30
LAND DETAILS
LAND ACRES
1.06 AC
LAND SF
46,174 SF
ZONING
-
APN/PARCEL ID
192-2808-183-0005
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