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| Price $4,732,000 | Built/Renov 2019 | Tenant Take 5 Car Wash |
| Cap Rate 7.00% | Lease Type
Abs NNN | Guarantor Corp T and Rated |
| Size/SF
3,500
| Lease Start
01-01-2023
| #Units
391
|
| Price/SF $1,352.00 | Expiration
12-28-2042
| Tenant Type Automotive |
| NOI $331,224 | R. Term 18.3 | Ownership Fee Simple |
| Rent/SF
$94.64
| Increases 2.0%/5/yrs | Pop 5Mi 287,963 |
| Lot/AC 1.88 | Options 4/5yrs/2% | AHHI 5Mi $99,575 |
| | |
Take 5 Car Wash is conveniently located at the signalized, hard corner intersection of W. Lapham St. and S. 108th St (39,000 VPD), a major retail corridor serving the city of West Allis. The asset benefits from excellent frontage and visibility with a monument sign along S. 108th St., and easy access to major Interstates 94 and 41. It is also close to many large regional shopping centers which...
...Signalized intersection
Dense retail corridor
Highway location
Top 100 MSA
Strong demographics
Long 15+ yr lease
Accelerated depreciation
Annual rent increases
Traded and rated company
Corporate Guarantee
Take 5 Car Wash is the largest domestic operator of car wash sites. The chain offers exterior car wash services that utilize an automated conveyor belt to pull vehicles along a track where...
| 1 Miles | 3 Miles | 5 Miles | |
| 2028 Total Population : | 10,737 | 106,699 | 286,313 |
| 2023 Total Population : | 10,900 | 106,742 | 287,963 |
| 2023 Employed Civilian Pop : | 5,791 | 54,671 | 147,464 |
| 2023 Total Businesses : | 598 | 4,530 | 11,474 |
| 2023 Average Household Income : | $ 77,618 | $ 92,300 | $ 99,575 |
| 2023 Total Consumer Spending : | $ 353 M | $ 3855 M | $ 10794 M |
| 2023 Median Age : | 41 | 42 | 41 |
| 2023 Total Households : | 5,246 | 48,457 | 125,877 |
| 2023 Pop Age 25+: Bachelor's Degree : | 1,791 | 19,698 | 55,281 |
| 2023 Average Home Value : | $ 195,146 | $ 273,987 | $ 287,238 |
| Collection Street | Cross Street | Year | Traffic Vol | Distance |
| S 108th St | W Mitchell St | 2017 | 39,000 | 0.09 mi |
| W Orchard St | 2021 | 31,900 | 0.10 mi | |
| W Greenfield Ave | S 109th St | 2017 | 25,100 | 0.23 mi |
| W Greenfield Ave | S 108th St | 2017 | 32,800 | 0.24 mi |
| W Greenfield Ave | S 114th St | 2004 | 18,000 | 0.40 mi |
| South 108th Street | I- 94 | 2021 | 24,500 | 0.41 mi |
| South 103rd Street | W Greenfield Ave | 2021 | 760 | 0.46 mi |
| S 116th St | W Orchard Ct | 2005 | 6,600 | 0.48 mi |
| S 116th St | W Greenfield Ave | 2017 | 11,600 | 0.49 mi |
| B St | S 108th St | 2017 | 36,900 | 0.51 mi |
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Address: 929 Alton Road, Suite 500
Miami Beach, FL 33139
Telephone: (305) 977-7700
E-mail: [email protected]
