Caliber Car Wash
Gardendale, AL
Key Details
| Price: | $3,773,315 |
|---|---|
| Cap Rate: | 6.85% |
| Annual Rent: | $258,472 |
| Address: | 596 Fieldstown Road, Gardendale, Alabama 35071 |
| Property Type: | Retail |
| Lease Type: | Triple Net (NNN) |
Property Data
| Original Lease Term: | 20 Years |
|---|---|
| Lease Commencement: | 4/8/2022 |
| Lease Expiration: | 1/31/2043 |
| Lease Term Remaining: | 18.1 Years |
| Rental Increases: | 2.00% Annually |
| Lot Size: | 1.15 Acres |
| Building Size: | 3,648 SF |
| Year Built: | 2001 |
NNN Pro is pleased to present the exclusive listing for a Caliber Car Wash located at 596 Fieldstown Road, Gardendale, Alabama 35071. The site consists of roughly 3648 rentable square feet of building space on an estimated 1.15-acre parcel of land. This Caliber Car Wash is subject to a 20-year Triple Net (NNN) lease, which commenced 4/8/2022. The current annual rent is $258,472 and has scheduled increases of 2.00% Annually.
About the Investment
- Long-Term, 20-Year Absolute Triple Net (NNN) Lease
- Approximately 19 Years Remaining
- 2.00% Rental Increases Occurring Annually
- Three (3), Five (5)-Year Tenant Renewal Options, Bringing the Potential Lease Term to 35 Years
- This Property Qualifies for 15-Year Accelerated Depreciation as well as Bonus Depreciation
Key Details
| Price: | $3,773,315 |
|---|---|
| Cap Rate: | 6.85% |
| Annual Rent: | $258,472 |
| Address: | 596 Fieldstown Road, Gardendale, Alabama 35071 |
| Property Type: | Retail |
| Lease Type: | Triple Net (NNN) |
Property Data
| Original Lease Term: | 20 Years |
|---|---|
| Lease Commencement: | 4/8/2022 |
| Lease Expiration: | 1/31/2043 |
| Lease Term Remaining: | 18.1 Years |
| Rental Increases: | 2.00% Annually |
| Lot Size: | 1.15 Acres |
| Building Size: | 3,648 SF |
| Year Built: | 2001 |
Talk to the Pros
Glen Kunofsky
gkunofsky@nnnpro.com
License: NY: 49KU1129178
Matthew Anuszkiewicz
manuszkiewicz@nnnpro.com
License: NY: 10401294046
Andrew Darby
adarby@nnnpro.com
License: NY: 10401380956
Broker of Record
Brian Brockman
Bang Realty-Alabama, Inc
License: 119315
Related Listings
Loading...
Main Street Auto
459 Opelika Road, Auburn, Alabama 36830
PRICE$2,357,143
CAP RATE7.00%
Loading...
Mammoth
6210 Spanish Trail Drive, Theodore, Alabama 36582
PRICE$3,810,943
CAP RATE7.00%
Loading...
Red Lobster
3941 Airport Boulevard, Mobile, Alabama 36608
PRICE$2,401,568
CAP RATE6.95%
Loading...
Tidal Wave Auto Spa
11813 Memorial Parkway Southwest, Huntsville, Alabama 35803
PRICE$6,106,870
CAP RATE6.55%
This information has been obtained from sources believed reliable. We have not verified it and make no guarantee, warranty or representation about it. Any projections, opinions, assumptions or estimates used are for example only and do not represent the current or future performance of the property. You and your advisors should conduct a careful, independent investigation of the property to determine to your satisfaction the suitability of the property for your needs.