402 Kroger Way - Car Washes FOR SALE
Versailles, KY 40383 |
$3,209,349 USD
332-345-4220
402 Kroger Way
Versailles, KY 40383
HIGHLIGHTS
- Priced Below Development Costs
- This Whistle Express Car Wash presents a unique opportunity to acquire a high-quality asset at a price point well below replacement cost
- Bonus Depreiciation | This property offers 100% bonus depreciation, offering notable tax advantages in the early years of ownership.
- Outparceled to Kroger | Surrounded By Other National Tenants
- Lease Guaranteed By Whistle Express | Largest Car Wash Operator In America
OVERVIEW
Surmount is pleased to present the exclusive listing for a Take 5 Car Wash located at 402 Kroger Way, Versailles, Kentucky 40383. The site consists of roughly 4,414 rentable square feet of building space on an estimated 1.49-acre parcel of land. This Take 5 Car Wash is subject to a 20-year Triple Net (NNN) lease, which commenced 6/30/2020. The current annual rent is $202,189 and has scheduled increases of 1.50% Annually.
FOR SALE DETAILS
PRICE
$3,209,349 USD
PRICE/SF
$727 USD /SF
CAP RATE
6.3%
% LEASED
-
TENANCY
-
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY NAME
Take 5 Car Wash - Whistle Express Guaranty
PROPERTY TYPE
Specialty
PROPERTY SUBTYPE
Car Washes
TOTAL BUILDING SIZE
-
STORIES
1
BUILDING CLASS
C
YEAR BUILT
2020
SPRINKLERS
-
PARKING SPACES
-
LAND DETAILS
LAND ACRES
1.5 AC
LAND SF
65,340 SF
ZONING
-
APN/PARCEL ID
30-8002-002-04
ASK ABOUT THIS PROPERTY
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332-345-4220
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332-345-4220
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