Raceway Car Wash For Sale in Phoenix
Description: |
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| Investment Highlights: - New 20-Year NNN Lease with 17 years remaining - Annual 1.50% Rental Increases with three 5-year options - Absolute NNN Lease with NO Landlord Responsibilities www.marcusmillichap.com/properties/55000/raceway-car-wash Listing Price: $4,946,000 Cap Rate: 5.75% Tenant Name: Raceway Car Wash Years Remaining On Lease: 16.9 Gross SF: 1,570 Guarantor: Franchisee Guarantee Rentable SF: 1,570 Price/Gross SF: $3,150.32 Lease Type: Triple Net (NNN) Rent Per Square Feet: $181.14 Investment Overview: Tenant Operates 34+ Units. Store Performance is strong and increasing every year. Located in a Strong Retail Corridor with many strong National tenants. Strong Demographics (3-Mile Radius). More Than 190,000 Residents. Daytime Population of More Than 177,636. Younger Population (3-Mile Radius). 51.79% of Residents Under 35 Median Age: 33. Nearby Businesses & Schools: Frys Food Store, ARCO, Apollo High School, Palo Verde Middle School, Roadrunner Elementary School and More. |
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Members profile: |
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| Advertised by: | Don Emas (click here to see full profile) |
| Email: | Email Advertiser |
Ad Details |
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| Garage Spaces (put 0 if this does not apply) | 2.00 |
| Auto Use Allowed | Yes |
| Property is | For Sale |
| Parking Spaces Outside | 30 |
| Price: | $4,946,000 USD |
Buildings & Land |
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| Property Name | Raceway Car Wash |
| Property Types | Vehicle Related, Retail |
| Land Types | Retail |
Use & Status |
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| Best Property Use | This is an investment property |
| Construction Status: | Existing Structures |
Unique Sale Issues |
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| Type of Sale | Real Estate Agency Sale |
| Lease Type | NNN |
Website |
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| Website | https://www.marcusmillichap.com/properties/55000/raceway-car-wash |
Location |
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| Address | 7801 N 43rd Ave |
| City | Phoenix |
| State | AZ |
| Postal Code | 85051 |
| Country | USA |
Call Me! |
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| Phone | Sign in to see details |
| Cell Phone | Sign in to see details |
| Ad id: | 70923976 |
| Ad views: | 1176 |