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Car Wash

Pro-Clean Car Wash

4938 Delhi Rd, Cincinnati, OH 45238

Listing Price: $4,950,000

Cap Rate
6.00%
Tenant Name
Clean Sweep Car Wash, Inc.
Years Remaining On Lease
19.7
Guarantor
Corporate Guarantee
Rentable SF
3,500
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$84.86

Investment Overview

Marcus & Millichap is pleased to present the exclusive listing for a Pro-Clean Car Wash located at 4938 Delhi Road in Cincinnati, Ohio. The site consists of roughly 3,500 rentable square feet of building space on estimated 1.00-acre parcel of land. This Pro-Clean Car Wash is subject to a 20-year absolute triple-net (NNN) lease, which commenced on the close of escrow. The initial annual rent will be $297,000 and is scheduled to increase by 2.00% annually throughout the base term and in each of the five, five-year renewal options.

Investment Highlights

  • Brand New Construction Location: State of the art facility that opened in July 2022
  • 20-Year Triple-Net (NNN) Lease: At closing the tenant will execute a brand new 20-year absolute triple-net (NNN) lease. The lease will have no landlord responsibilities.
  • Corporate Guaranty: The lease will carry a corporate guaranty from the Operator

Exclusively Listed By

Broker of Record

  • Michael L. Glass

    Senior Vice President / Division Manager

    (614) 360-9800

    License(s) OH: BRK.2007005898

    Ohio

Car Wash

Pro-Clean Car Wash

Listing Price: $4,950,000

Cap Rate
6.00%
Tenant Name
Clean Sweep Car Wash, Inc.
Years Remaining On Lease
19.7
Guarantor
Corporate Guarantee
Rentable SF
3,500
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$84.86

Investment Highlights

  • Brand New Construction Location: State of the art facility that opened in July 2022
  • 20-Year Triple-Net (NNN) Lease: At closing the tenant will execute a brand new 20-year absolute triple-net (NNN) lease. The lease will have no landlord responsibilities.
  • Corporate Guaranty: The lease will carry a corporate guaranty from the Operator

Investment Overview

Marcus & Millichap is pleased to present the exclusive listing for a Pro-Clean Car Wash located at 4938 Delhi Road in Cincinnati, Ohio. The site consists of roughly 3,500 rentable square feet of building space on estimated 1.00-acre parcel of land. This Pro-Clean Car Wash is subject to a 20-year absolute triple-net (NNN) lease, which commenced on the close of escrow. The initial annual rent will be $297,000 and is scheduled to increase by 2.00% annually throughout the base term and in each of the five, five-year renewal options.

Exclusively Listed By

Broker of Record

  • Michael L. Glass

    Senior Vice President / Division Manager

    (614) 360-9800

    License(s): OH: BRK.2007005898

    Ohio

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