121 River Bend Dr - Car Washes FOR SALE


Granite Falls, NC 28630
$4,728,557 USD
332-345-4222
121 River Bend Dr, Granite Falls, NC for Sale
$4,728,557 USD
Car Washes - FOR SALE
1/2
null | 7% Cap Rate

121 River Bend Dr
Granite Falls, NC 28630


HIGHLIGHTS

  • Long-Term Absolute Triple Net (NNN) Lease | Over 18 years of term remaining on the initial 20-year lease with zero landlord responsibilities.
  • Attractive Rent Increases | The lease will feature scheduled increases of 2.00% annually.
  • Strong Corporate Guarantee

OVERVIEW

NNN Pro is pleased to present the exclusive listing for a Caliber Car Wash located at 121 River Bend Dr, Granite Falls, NC 28630. The site consists of roughly 4,332 rentable square feet of building space on an estimated 1.5-acre parcel of land. This Caliber Car Wash is subject to a 20-year Triple Net (NNN) lease, which commenced 12/29/2022. The current annual rent is $330,999 and has scheduled increases of 2.00% annually

FOR SALE DETAILS

PRICE

$4,728,557 USD

PRICE/SF

$1,092 USD /SF

CAP RATE

7%

% LEASED

-

TENANCY

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Caliber Car Wash

PROPERTY TYPE

Specialty

PROPERTY SUBTYPE

Car Washes

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

C

YEAR BUILT

2022

SPRINKLERS

-

PARKING SPACES

31

LAND DETAILS

LAND ACRES

1.5 AC

LAND SF

65,340 SF

ZONING

-

APN/PARCEL ID

08-65A-1-6

ASK ABOUT THIS PROPERTY

Glen KunofskyNNN Pro GroupMore Info
332-345-4222

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

Glen KunofskyNNN Pro GroupMore Info
332-345-4222

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