Mod Wash - Car Washes FOR SALE


Eden, NC 27288
$5,175,000 USD
949-903-3399
Mod Wash, Eden, NC for Sale
$5,175,000 USD
Car Washes - FOR SALE
1/7
null | 6.5% Cap Rate

Mod Wash
Eden, NC 27288


HIGHLIGHTS

  • Brand New 20 Yr. Absolute NNN Sale-Leaseback at Close of Escrow- Accelerated Depreciation Asset
  • Fastest Growing Car Wash Co. in U.S. (100+ Locations- 34+ Coming)- One of Most Popular Retail Segments
  • Best Car Wash Sites in the Space- PAD to Food Lion Anchored Center- Across from Walmart/Tractor Supply
  • Affluent Suburb ($75,397 HHI) outside Winston Salem- Huge Migration Growth- Dense Residential Area
  • Proven Track Record of Strong Sales- Large Membership Growth- Excellent Balance Sheet/Financials
  • Pride of Ownership Construction/Maintenance- Rare 1.50% Annual Rent Bumps- Eco Friendly Model

OVERVIEW

The Snyder Carlton National Net Lease Team is pleased to offer to investors an opportunity to purchase a newly constructed single tenant absolute NNN leased asset that is fully occupied by ModWash in Eden, NC. With a 20 year primary term, which commences at close of escrow, six 5-year option periods, and 1.5% annual rent increases throughout the lease, this is an ideal asset for a 1031 exchange or an investor looking for years of inflation resistant income with zero landlord responsibilities. ModWash Operates over 100 car washes in 10 states with 34 more currently in development. The fully automated car wash is an outparcel to the Eden Center with Food Lion and Tractor Supply Co. as anchors and is located on the hard corner signalized intersection of S Van Buren Road/U.S. Route 311 (26,000+ VPD) and E Harris Place. Strategically positioned along the main retail corridor of Eden, nearby retailers include Walmart Supercenter, CVS, Wells Fargo, McDonald’s, Taco Bell, Arby’s, Burger King, and more. Additionally, several automotive oriented retailers are within the immediate vicinity which include Tri-City Ford, Chevrolet, GMC, Chrysler, Jeep, Dodge, and Kia, O’Reilly Auto Parts, and Advance Auto Parts.

FOR SALE DETAILS

PRICE

$5,175,000 USD

PRICE/SF

$1,382 USD /SF

CAP RATE

6.5%

% LEASED

-

TENANCY

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

20 Yr. NNN Sale Leaseback- Trophy Site

PROPERTY TYPE

Specialty

PROPERTY SUBTYPE

Car Washes

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

B

YEAR BUILT

2020

SPRINKLERS

-

PARKING SPACES

22

LAND DETAILS

LAND ACRES

0.89 AC

LAND SF

38,768 SF

ZONING

-

APN/PARCEL ID

141724

ASK ABOUT THIS PROPERTY

Eric CarltonColliersMore Info
949-903-3399

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Eric CarltonColliersMore Info
949-903-3399

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