Auto Retail or Service Repair Buildings

Raceway Car Wash For Sale in Phoenix

Description:


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

https://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.

Members profile:


Advertised by: Don Emas (click here to see full profile)
Average score 7 after 1 votesAverage score 7 after 1 votesAverage score 7 after 1 votesAverage score 7 after 1 votesAverage score 7 after 1 votes Grade Don Emas
Email: don.emas@marcusmillichap.com

Ad Details


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


Property Name Raceway Car Wash
Property Types Vehicle Related, Retail
Land Types Retail

Use & Status


Best Property Use This is an investment property
Construction Status: Existing Structures

Unique Sale Issues


Type of Sale Real Estate Agency Sale
Lease Type NNN

Website


Website https://www.marcusmillichap.com/properties/55000/raceway-car-wash

Location


Address 7801 N 43rd Ave
City Phoenix
State AZ
Postal Code 85051
Country USA

Call Me!


Phone (909) 456-3425
Cell Phone (951) 203-7702
Ad id: 70923976
Ad views:75
Current rating Average score 9 after 1 votesAverage score 9 after 1 votesAverage score 9 after 1 votesAverage score 9 after 1 votesAverage score 9 after 1 votes Grade

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