62 Moore Dr - Car Washes FOR SALE


Southaven, MS 38671
$3,467,814 USD
332-345-4222
62 Moore Dr, Southaven, MS for Sale
$3,467,814 USD
Car Washes - FOR SALE
1/2
null | 7% Cap Rate

62 Moore Dr
Southaven, MS 38671


HIGHLIGHTS

  • Long-Term, 20-Year Absolute Triple Net (NNN) Lease | Zero Landlord Responsibilities
  • Attractive Rental Increases | 1.75% Annual Rental Increases
  • Corporate Guarantee | Strong Guarantee from International Car Wash Group Ltd.

OVERVIEW

NNN Pro is pleased to present the exclusive listing for a Take 5 Car Wash located at 62 Moore Drive, Southaven, MS 38671. The site consists of roughly 2,053 rentable square feet of building space on an estimated 0.93- acre parcel of land. This Take 5 Car Wash is subject to a 20-year Triple Net (NNN) lease, which commenced 8/14/2019. The current annual rent is $242,747 and has scheduled increases of 1.75% Annually.

FOR SALE DETAILS

PRICE

$3,467,814 USD

PRICE/SF

$1,689 USD /SF

CAP RATE

7%

% LEASED

-

TENANCY

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Take 5 Car Wash

PROPERTY TYPE

Specialty

PROPERTY SUBTYPE

Car Washes

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

B

YEAR BUILT

2010

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.93 AC

LAND SF

40,511 SF

ZONING

C-4

APN/PARCEL ID

1087250300010700

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.