Mod Wash - 20 Yr. NNN Sale Leaseback- Trophy Site
This feature is unavailable at the moment.
We apologize, but the feature you are trying to access is currently unavailable. We are aware of this issue and our team is working hard to resolve the matter.
Please check back in a few minutes. We apologize for the inconvenience.
- LoopNet Team
thank you
Your email has been sent!
Mod Wash - 20 Yr. NNN Sale Leaseback- Trophy Site
3,745 SF Specialty Building Offered at $7,278,120 CAD at a 6.50% Cap Rate in Eden, NC 27288
Investment Highlights
- Brand New 20 Yr. Absolute NNN Sale-Leaseback at Close of Escrow- Accelerated Depreciation Asset
- Best Car Wash Sites in the Space- PAD to Food Lion Anchored Center- Across from Walmart/Tractor Supply
- Proven Track Record of Strong Sales- Large Membership Growth- Excellent Balance Sheet/Financials
- Fastest Growing Car Wash Co. in U.S. (100+ Locations- 34+ Coming)- One of Most Popular Retail Segments
- Affluent Suburb ($75,397 HHI) outside Winston Salem- Huge Migration Growth- Dense Residential Area
- Pride of Ownership Construction/Maintenance- Rare 1.50% Annual Rent Bumps- Eco Friendly Model
Executive Summary
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.
Property Facts
| Price | $7,278,120 CAD | Building Class | B |
| Price Per SF | $1,943 CAD | Lot Size | 0.89 AC |
| Sale Type | Investment | Building Size | 3,745 SF |
| Cap Rate | 6.50% | No. Stories | 1 |
| Sale Conditions | Sale Leaseback | Year Built | 2020 |
| Property Type | Specialty | Parking Ratio | 5.87/1,000 SF |
| Property Subtype | Car Wash |
| Price | $7,278,120 CAD |
| Price Per SF | $1,943 CAD |
| Sale Type | Investment |
| Cap Rate | 6.50% |
| Sale Conditions | Sale Leaseback |
| Property Type | Specialty |
| Property Subtype | Car Wash |
| Building Class | B |
| Lot Size | 0.89 AC |
| Building Size | 3,745 SF |
| No. Stories | 1 |
| Year Built | 2020 |
| Parking Ratio | 5.87/1,000 SF |
1 of 1
PROPERTY TAXES
| Parcel Number | 141724 | Improvements Assessment | $498,453 CAD |
| Land Assessment | $613,387 CAD | Total Assessment | $1,111,841 CAD |
PROPERTY TAXES
Parcel Number
141724
Land Assessment
$613,387 CAD
Improvements Assessment
$498,453 CAD
Total Assessment
$1,111,841 CAD
-
Eric Carlton -
Jereme Snyder -
Colliers
1 of 8
VIDEOS
3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
1 of 1
Presented by
Mod Wash - 20 Yr. NNN Sale Leaseback- Trophy Site
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.