Mr. Clean Car Wash

  • $5,232,929

Overview

  • Mr. Clean Car Wash
    Tenant(s)
  • $5,232,929
    Price
  • 7.00%
    CAP Rate
  • $366,035
    Net Operating Income (NOI)
  • 17+ Years
    Lease Term
  • 1.25% Annually
    Increases
  • Aug 2022
    Rent Commencement
  • Abs. NNN
    Lease Type
  • Aug 2042
    Lease Expiration
  • 4 x 5 yr
    Options
  • 3,302
    Building Size (SF)
  • 2022
    Year Built
  • 1.98
    Land Size (AC)
  • Corporate
    Guaranty
  • None
    Landlord Responsibilities

Description

STONECLIFF is pleased to present the exclusive listing for a Whataburger located at S James Campbell Blvd, Columbia, TN. The site consists of roughly 3,305 rentable square feet of retail space on an estimated 1.19-acre parcel of land. This Whataburger is subject to a 15-year Absolute Triple Net (NNN) Ground Lease. The annual rent is $165,000 with scheduled 10% Every Five Years in Primary Term and Option Periods.

    • High growth suburb located in Nashville MSA with population of over 2.1 million
    • Brand new 15-year absolute NNN ground lease with 10% rental increases every five years
    • Located along main intersection of South James Campbell Blvd with 27,000+ VPD
    • Growing retail corridor with major retailers First Watch, ALDI, Chick-Fil-A, and Walmart
    • Supported by a population of over 74,500 within a 10-mile radius and household incomes exceeding $90,000 with major regional employers such as GM Spring Hill, Maury Regional Health, and Ryder Logistics driving consistent daily traffic

Property Documents

Mr-Clean_FL_Ocala-OM

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