Auto Retail or Service Repair Buildings Similar ads Member's profile Email Advertiser Share 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) Grade Don Emas Email: firstname.lastname@example.org 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 Grade Comments Do you have any comments? Do you have any comments? You may add it after you login.