WhiteWater Express Car Wash

600 West Trenton Avenue, Findlay, OH 45840

$4,347,826

Cap Rate 6.90%

Views: 66 DOM: 61 Updated: 08.28.24 Posted: 07.09.24 Status: Active

Summary

Price $4,347,826	Built/Renov 2015/2022	Tenant WhiteWater Express Car Wash
Cap Rate 6.90%	Lease Type Abs NNN	Guarantor Corporate
Size/SF 3,677	Lease Start 01-21-2021	#Units 106
Price/SF $1,208.71	Expiration 01-31-2040	Tenant Type Automotive
NOI $300,000	R. Term 15.4	Ownership Fee Simple
Rent/SF $81.59	Increases 1.3%/1/yrs	Pop 5Mi 49,716
Lot/AC 0.86	Options 4/5yrs/1.25%	AHHI 5Mi $69,063

Lease Highlights

WhiteWater Express Car Wash has 15+ years remaining on the current lease term with 4 (5-year) options to extend
The lease features 1.25% annual rental escalations throughout the initial term and option periods
Absolute NNN lease | Zero landlord responsibilities
Corporate guaranteed lease

Location Description

WhiteWater Express Car Wash is strategically located on West Trenton Avenue, with access to 21,100 vehicles passing by daily. The property benefits from its prime location along US 224 and close proximity to I-75. The immediate area is surrounded by well-known national tenants including Wendy's, McDonald's, Cracker Barrel, Chipotle, Walmart, and more. The 5-mile trade area is supported by a...

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Key Features

Recent renovation
Build to suit
Near major nationals
Strategically located
Freeway close
Long 15+ yr lease
Absolute NNN
Accelerated depreciation
Annual rent increases
Corporate Guarantee

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Links

WhiteWater Express Car Wash Wikipedia Findlay, Ohio Zip Code 45840 Broker Site Page

Maps

Local Information

1 Mile
3 Miles
5 Miles

Tenant

Tenant: WhiteWater Express Car Wash
Guarantor:Corporate
Company:Freeman Spogli & Co.
# Units:106
Stock:Private

About Tenant

WhiteWater Express Car Wash is a high-growth, multi-state operator of express car washes. The chain uses state-of-the-art technology using only half the amount of water as the industry standard...

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Listing Broker

Brian Brisky

Brisky Net Lease

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7 Listings
743 Views
0 Sold

Tiffany Trinidad

Brisky Net Lease

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3 Listings
441 Views
0 Sold

Brian Brisky

Brisky Net Lease's founder, Brian, recognized an opportunity in 2010 to build a brokerage business with a relationship-driven approach. His company offers clients a blend of hard work, strong ethics, and enjoyment with a commitment to fostering meaningful relationships and a long-term vision. Brian's story started with his father's real estate company in Wisconsin. After being mentored in deal-making, he forged his own path, starting in tertiary markets, which led to getting experience in a

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Tiffany Trinidad

Tiffany serves as an Associate at Brisky Net Lease, bringing a wealth of knowledge and a unique global perspective to the firm. In her role, she focuses on single tenant net lease investment sales and acquisitions, advisory services, and market growth planning and execution. Tiffany is a licensed real estate salesperson in California and an active member of the Los Angeles chapter of Commercial Real Estate Women (CREW). Before she embarked on her commercial real estate career, she spent more

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