List Search

51057 Milano Dr
Macomb, MI 48042

$4,250,471 USD

Carwash For Sale  •  5,893 SF

Property Details

  • Property Type Carwash
  • Total Building Size 5,893 SF
  • Lot Size 1.37 AC
  • Building Class C
  • Year Built 1993
  • Cap Rate 6.00 %
  • Tenancy Single
  • Zoning C4
0 Transit Score
30 Walk Score

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.

Property Flyers

Cap Rate: 6.00 %

Public Transportation

AirportDriveWalkDistance
Windsor International 67 min - 41.4 mi

Parking Details

Parking Available: Yes
Reserved: No
Spaces Provided: 18
Type: Surface
Included in Rent: Yes
Michael Matusik 714-874-4004 Prime Net Lease
Michael Matusik 714-874-4004 Prime Net Lease