51057 Milano Dr - Car Washes FOR SALE
Macomb, MI 48042 |
51057 Milano Dr
Macomb, MI 48042
HIGHLIGHTS
- LONG TERM LEASE - The subject property has over 18 years remaining on the initial term of a Corporate Absolute NNN Lease.
- BONUS DEPRECIATION - Fee simple ownership of a Car Wash provides the landlord the opportunity to use accelerated Bonus depreciation model.
- EXCELLENT DEMOGRAPHICS - One of the Fastest Growing Communities in the State with a 5-Mile Population of 192,000+ residents.
- RENTAL INCREASES - 1% Annual Rental increases throughout the base term gives the investor the ability to hedge against inflation.
- STRONG CORPORATE GUARANTOR - 100+ Locations by the end of 2022 backed by over 50 years of combined car wash experience.
- ZERO LANDLORD RESPONSIBILITIES - Absolute NNN Lease. Ideal for Investors not Local to the Market or looking for a "hands o?" investment.
FOR SALE DETAILS
PRICE
-
CAP RATE
-
% LEASED
-
TENANCY
-
BUILDING DETAILS
PROPERTY NAME
WhiteWater Express Car Wash
PROPERTY TYPE
Specialty
PROPERTY SUBTYPE
Car Washes
TOTAL BUILDING SIZE
5893
STORIES
1
BUILDING CLASS
C
YEAR BUILT
1993
SPRINKLERS
-
PARKING SPACES
18
LAND DETAILS
LAND ACRES
1.37 AC AC
LAND SF
59,764 SF
ZONING
-
APN/PARCEL ID
20-08-18-451-006
