Miscellaneous
Gleaux Car Wash
2017 South Broadway Avenue, Tyler, TX 75701
Listing Price: $5,996,633
Investment Overview
Marcus & Millichap is pleased to present the exclusive listing for Gleaux Car Wash located at 2017 S Broadway Avenue in Tyler, TX. The site consists of roughly 2,928 rentable square feet of building space on estimated 1.31-acre parcel of land. Gleaux Car Wash will be subject to a 20-year absolute triple-net (NNN) lease, which will commence upon the Close of Escrow. The rent will be $359,798 and is scheduled to increase by two percent (2.00%) annually throughout the base term and the four (4), five (5)-year renewal options.
Listing Price: $5,996,633
Investment Highlights
- Long-Term, 20-Year Absolute Triple Net (NNN) Sale Leaseback
- Lease to Commence Upon Close of Escrow
- Two Percent (2.00%) Annual Rental Increases
Investment Overview
Marcus & Millichap is pleased to present the exclusive listing for Gleaux Car Wash located at 2017 S Broadway Avenue in Tyler, TX. The site consists of roughly 2,928 rentable square feet of building space on estimated 1.31-acre parcel of land. Gleaux Car Wash will be subject to a 20-year absolute triple-net (NNN) lease, which will commence upon the Close of Escrow. The rent will be $359,798 and is scheduled to increase by two percent (2.00%) annually throughout the base term and the four (4), five (5)-year renewal options.
