7141 Calumet Ave - Car Washes FOR SALE


Hammond, IN 46324 | 
$3,514,271 USD
914-403-7574
7141 Calumet Ave, Hammond, IN for Sale
$3,514,271 USD
Car Washes - FOR SALE
1/3
null | 5.65% Cap Rate

7141 Calumet Ave
Hammond, IN 46324


HIGHLIGHTS

  • Bonus Depreciation
  • Proximity to Major National Retailers
  • Long-Term NNN Lease with Annual Rent Growth
  • High-Traffic Calumet Avenue Frontage

OVERVIEW

Surmount is pleased to present the exclusive listing for an Aqua Express Car Wash located at 7141 Calumet Avenue, Hammond, IN 46324. The site consists of roughly 4,907 rentable square feet of building space on an estimated .79-acre parcel of land. Aqua Express Car Wash is subject to a 20-year Triple Net (NNN) lease, which commenced 12/22/2020. The current annual rent is $198,556 and has scheduled increases of 2.00% Annually.

FOR SALE DETAILS

PRICE

$3,514,271 USD

PRICE/SF

$710 USD /SF

CAP RATE

5.65%

% LEASED

-

TENANCY

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Aqua Express Car Wash

PROPERTY TYPE

Specialty

PROPERTY SUBTYPE

Car Washes

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

C

YEAR BUILT

1985

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.79 AC

LAND SF

34,412 SF

ZONING

C-3

APN/PARCEL ID

45-07-07-351-009.000-023

ASK ABOUT THIS PROPERTY

914-403-7574

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914-403-7574

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