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52700 Gratiot Ave
New Baltimore, MI 48051

$4,250,417 USD

Carwash For Sale  •  8,726 SF

Property Details

  • Property Type Carwash
  • Total Building Size 8,726 SF
  • Lot Size 2.61 AC
  • Building Class C
  • Year Built 1998
  • Cap Rate 6.00 %
  • Tenancy Single
  • Zoning C4
0 Transit Score
33 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 VISIBILITY - Site is visible from Interstate 94 with 57,200 Vehicles Per Day and 20,000 Vehicles Per Day on Gratiot Avenue.
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 63 min - 41.5 mi

Parking Details

Parking Available: Yes
Reserved: No
Spaces Provided: 7
Type: Surface
Included in Rent: Yes
Michael Matusik 714-874-4004 Prime Net Lease
Michael Matusik 714-874-4004 Prime Net Lease