5762 W Central Ave - Car Washes FOR SALE


Toledo, OH 43615- Reynolds Corners
$4,660,000 USD
216-292-7006
5762 W Central Ave, Toledo, OH for Sale
$4,660,000 USD
Car Washes - FOR SALE
1/4
null | 6.6% Cap Rate

5762 W Central Ave
Toledo, OH 43615
Reynolds Corners


HIGHLIGHTS

  • 17-Plus Years Remaining on Absolute Triple-Net (NNN) Lease with Corporate Guaranty
  • 1.25 Percent Annual Rental Increases with Multiple Renewal Options
  • WhiteWater Express Car Wash Operates Approximately 140 Locations Throughout Seven States
  • Dense Toledo Trade Area with a Daytime Population Exceeding 188,125 People within a Five-Mile Radius
  • Average Household Income of Over $108,000 within Three Miles of the Site
  • Across from Walmart Supercenter and Surrounded by Car Dealerships

OVERVIEW

WhiteWater Express Car Wash provides high-quality car wash services, with professional staff to tend to customers’ every need. Car washes include features like high-intensity tri-foam polish, wheel cleaning, rain repellant, tire shine, flash dry, free vacuums, and more. Located at the western end of Lake Erie and bordering southern Michigan, Toledo is an hour south of Detroit and two hours west of Cleveland. The metro is composed of Lucas, Wood, and Fulton counties. Three key interstate highways run through Toledo - Interstate 75, the Ohio Turnpike, and Interstate 475 - benefiting the local economy and providing a tailwind for logistics employment.

FOR SALE DETAILS

PRICE

$4,660,000 USD

PRICE/SF

$1,241 USD /SF

CAP RATE

6.6%

% LEASED

-

TENANCY

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

WhiteWater Express Car Wash - Toledo, OH

PROPERTY TYPE

Specialty

PROPERTY SUBTYPE

Car Washes

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

B

YEAR BUILT

2023

SPRINKLERS

-

PARKING SPACES

15

LAND DETAILS

LAND ACRES

0.93 AC

LAND SF

40,511 SF

ZONING

C1

APN/PARCEL ID

78-54151

ASK ABOUT THIS PROPERTY

Alex FrankelMarcus & MillichapMore Info
216-292-7006

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Alex FrankelMarcus & MillichapMore Info
216-292-7006

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