263 Cherry St - Car Washes FOR SALE


Milford, CT 06460- Downtown Milford | 
$5,367,521 USD
212-715-1031
263 Cherry St, Milford, CT for Sale
$5,367,521 USD
Car Washes - FOR SALE
1/4
null | 5.85% Cap Rate

263 Cherry St
Milford, CT 06460
Downtown Milford


HIGHLIGHTS

  • 100% Bonus Depreciation Eligible
  • Lease Guaranteed By Summit Wash Holdings | One of the Top Car Wash Operators
  • New 20-Year Triple Net Lease
  • Institutional Backing
  • Infill Connecticut Real Estate
  • Strong Retail And Commercial Market

OVERVIEW

Surmount is pleased to present the exclusive listing for a Summit Wash Holdings (d.b.a Russell Speeder's) located at 263 Cherry Street, Milford, CT 06460. The site consists of roughly 1,325 rentable square feet of building space on an estimated .23-acre parcel of land. Summit Wash Holdings (d.b.a Russell Speeder's) is subject to a 20-year Triple Net (NNN) lease which will commence upon the close of escrow. The annual rent will be $314,000 and has scheduled increases of 1.50% Annually.

FOR SALE DETAILS

PRICE

$5,367,521 USD

PRICE/SF

$4,051 USD /SF

CAP RATE

5.85%

% LEASED

-

TENANCY

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Summit Wash Holdings (dba Russell Speeder's)

PROPERTY TYPE

Specialty

PROPERTY SUBTYPE

Car Washes

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

C

YEAR BUILT

1968

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.23 AC

LAND SF

10,019 SF

ZONING

CDD1

APN/PARCEL ID

MILF-000066-000813-000023

ASK ABOUT THIS PROPERTY

Nicoletti DePaulSurmountMore Info
212-715-1031

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Nicoletti DePaulSurmountMore Info
212-715-1031

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