Car Wash
Ultimate Shine Car Wash
3250 Electric Rd, Cave Spring, VA 24018
Listing Price: $5,846,154
Investment Overview
Marcus & Millichap is pleased to present the exclusive listing for Ultimate Shine Car Wash, located at 3250 Electric Rd., Roanoke, VA 24018. The site consists of roughly 5,106 total rentable square feet of building space on an estimated total of 1.03-acres of land. This Flagship Carwash is subject to a 20-year absolute triple-net (NNN) lease, which will commence at the close of escrow. The annual rent is $380,000 and is scheduled to increase by 1.50% annually throughout the base term and in each of the 4, 5-year renewal options.
Ultimate Shine Car Wash
Investment Highlights
- Long-Term, 20-Year Absolute Triple Net (NNN) Sale-Leaseback
- Corporate Guaranty from Ultimate Shine Virginia HoldCo LLC | 21+ Unit Guaranty | Expected to Grow to 30+ Units by 2025
- Accelerated & Bonus Depreciation | Properties Qualify for Both 60% Bonus Depreciation & 15 Year Accelerated Depreciation
- Dense Retail Corridor | Walgreens, Pizza Hut, CVS, Taco Bell, Dollar General, Arby's, Hardee's, Goodwill, Kroger, Subway, AT&T, Little Caesars and Many More
- Spotless Brands is one of the fastest growing and largest car wash companies in the United States.
Exclusively Listed By
Broker of Record
-
Brian Hosey
Senior Vice President/Division Manager
Financing By
Listing Price: $5,846,154
Investment Highlights
- Long-Term, 20-Year Absolute Triple Net (NNN) Sale-Leaseback
- Corporate Guaranty from Ultimate Shine Virginia HoldCo LLC | 21+ Unit Guaranty | Expected to Grow to 30+ Units by 2025
- Accelerated & Bonus Depreciation | Properties Qualify for Both 60% Bonus Depreciation & 15 Year Accelerated Depreciation
- Dense Retail Corridor | Walgreens, Pizza Hut, CVS, Taco Bell, Dollar General, Arby's, Hardee's, Goodwill, Kroger, Subway, AT&T, Little Caesars and Many More
- Spotless Brands is one of the fastest growing and largest car wash companies in the United States.
Investment Overview
Marcus & Millichap is pleased to present the exclusive listing for Ultimate Shine Car Wash, located at 3250 Electric Rd., Roanoke, VA 24018. The site consists of roughly 5,106 total rentable square feet of building space on an estimated total of 1.03-acres of land. This Flagship Carwash is subject to a 20-year absolute triple-net (NNN) lease, which will commence at the close of escrow. The annual rent is $380,000 and is scheduled to increase by 1.50% annually throughout the base term and in each of the 4, 5-year renewal options.
Exclusively Listed By
Broker of Record
-
Brian Hosey
Senior Vice President/Division Manager
Financing By
