5762 W Central Ave - Car Washes FOR SALE


Toledo, OH 43615
$4,860,000 USD
332-345-4222
5762 W Central Ave, Toledo, OH for Sale
$4,860,000 USD
Car Washes - FOR SALE
1/2
null | 6.25% Cap Rate

5762 W Central Ave
Toledo, OH 43615


HIGHLIGHTS

  • Strong Corporate Guarantee
  • Long-Term Absolute Triple Net (NNN) Lease
  • Attractive Rental Increases | This lease features 1.25% annual rental increases, hedging against inflation.

OVERVIEW

NNN Pro is pleased to present the exclusive listing for a WhiteWater Express Car Wash located at 5762 Central Ave, Toledo, OH 43615. The site consists of roughly 3,756 rentable square feet of building space on an estimated 0.93-acre parcel of land. This WhiteWater Express Car Wash is subject to a 20-year Triple Net (NNN) lease, which commenced 12/1/2023. The current annual rent is $303,750 and has scheduled increases of 1.25% Annually.

FOR SALE DETAILS

PRICE

$4,860,000 USD

PRICE/SF

$1,294 USD /SF

CAP RATE

6.25%

% LEASED

-

TENANCY

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

WhiteWater Express Car Wash

PROPERTY TYPE

Specialty

PROPERTY SUBTYPE

Car Washes

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

B

YEAR BUILT

2023

SPRINKLERS

-

PARKING SPACES

15

LAND DETAILS

LAND ACRES

0.93 AC

LAND SF

40,511 SF

ZONING

C1

APN/PARCEL ID

78-54151

ASK ABOUT THIS PROPERTY

Glen KunofskyNNN Pro GroupMore Info
332-345-4222

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Glen KunofskyNNN Pro GroupMore Info
332-345-4222

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