Listing Price: $3,850,000.00
Pro Forma NOI: $241,200.00
Pro Forma Cap Rate: 6.26%
Occupancy: 50%
Vacant Space: Car Wash (Call for Details)
INVESTMENT DETAILS
In-place NNN rent stream from Valvoline (hands-off income) with long-term lease
Turn-key and vacant car wash offers a second revenue source: Lease to an
operator, run it yourself, or reposition. 1-year of supplies and new vacuum
system included.
Allows for multiple exit strategies; lease up the car wash, owner/user, or potential
redevelopment/re-tenanting.
PROPERTY FEATURES
Building Size: +/- 6,277 SF Free Standing Building
Two (2) Tenant Building: Unit A: Valvoline | Unit B: Vacant (Car Wash)
Power: +/- 600 Amps, 3 Phase, 480Y/277V (verify)
Lot Size: +/- 1.00 AC (+ 43,560 SF) parcel
Located in “The Shops at Clinton Keith”
Built: 2008
Zoning: C-P-S (Scenic Highway Commercial)/CR Commercial - confirm with City
Traffic: 109,616 Cars per day on Clinton Keith Rd.
Established Retail/Service
Located on a High Traffic Intersection & High Population Growth Area With
Affluent Demographics
Neighbors include Starbucks, 7-Eleven & Hand & Stone Massage
Highly Visible Monument Sign With Potential Signage Opportunities
APN: 380-110-043