1672 College St
Auburn, AL 36832
South Auburn
HIGHLIGHTS
- Priced Below Development Costs | This Whistle Express Car Wash presents a unique opportunity to acquire a high-quality asset
- Bonus Depreiciation | This property offers 100% bonus depreciation, offering notable tax advantages in the early years of ownership
- 1 Mile from Auburn University | The property is located just one mile from Auburn University
- Lease Guaranteed By Whistle Express | Largest Car Wash Operator In America | The lease is backed by Whistle Express
OVERVIEW
Surmount is pleased to present the exclusive listing for a Take 5 Car Wash located at 1672 South College Street, Auburn, Alabama 36832. The site consists of roughly 2700 rentable square feet of building space on an estimated 0.93-acre parcel of land. This Take 5 Car Wash is subject to a 10-year Triple Net (NNN) lease, which commenced 12/28/2028. The current annual rent is $150,094 and has scheduled increases of 1.75% Annually.
FOR SALE DETAILS
PRICE
$2,309,141 USD
PRICE/SF
$855 USD /SF
CAP RATE
6.5%
% LEASED
-
TENANCY
-
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY NAME
Take 5 Car Wash
PROPERTY TYPE
Specialty
PROPERTY SUBTYPE
Car Washes
TOTAL BUILDING SIZE
-
STORIES
1
BUILDING CLASS
C
YEAR BUILT
2014
SPRINKLERS
-
PARKING SPACES
-
LAND DETAILS
LAND ACRES
0.93 AC
LAND SF
40,662 SF
ZONING
-
APN/PARCEL ID
19-01-01-0-000-029.000
ASK ABOUT THIS PROPERTY
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332-345-4220
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332-345-4220
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