• Single Tenant Splash Car Wash Sale-Leaseback:
° Corporately guaranteed lease by Splash Car Wash
° Absolute NNN Lease with zero landlord responsibilities
° 20-year initial lease term with four 5-year options
° 1.50% annual increases during primary term and options
• About Splash Car Wash:
° 80+ locations across the Northeastern United States: CT, MA, NY, VT
° Private equity backed by multi-billion dollar firm, AEA Investors (More Info)
° 40+ years in-business employing 1,000+ & washing 1MM+ cars per year
° Expanding Rapidly through Acquisition & Greenfield Development
• Bonus Depreciation: Property qualifies for 100% bonus depreciation on carwash
improvements (contact for more info)
° “Big Beautiful Bill” included the reset of bonus depreciation to 100% for 2025 and
beyond
• Tremendous Sales Volume location with excellent EBITDAR/Rent Coverage (contact
broker for more information)
• Rare, New York Express Wash Investment Opportunity
• No Direct Competition within a 3-mi Radius of the express wash
• Direct ingress & egress access to a 18,000+ CPD roadway; the primary thoroughfare
of the market
• Strong nearby residential affluence: $91,000+ Average Household Incomes within a
5-mi radius
• Excellent surrounding retail synergy and positioned in the primary commercial
corridor of the market:
° Pad to a Lowe’s w/ nearby big-box retailers featuring Walmart Supercenter,
JCPenney, ALDI, and Marshalls
° Situated among nationally recognized retailers featuring McDonald’s, Taco Bell, 7
Brew Coffee & Applebees
• SUNY Cortland: 7,000-student public university
• County Seat of Cortland County New York