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Car Wash

Caliber Car Wash

1204 Industrial Pkwy, Saraland, AL 36571

Listing Price: $5,000,000

Cap Rate
6.00%
Tenant Name
Caliber Car Wash
Years Remaining On Lease
19.8
Guarantor
Corporate Guarantee
Rentable SF
3,770
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$79.58

Investment Overview

Marcus & Millichap is pleased to present the exclusive listing for a Caliber Wash located 1204 Industrial Pkwy in Saraland, AL. The site will consist of roughly 3,770 rentable square feet of building space on an estimated 1.01-acre parcel of land. The car wash is subject to a 20-year absolute triple-net (NNN) lease, which will commence upon close of escrow. The initial annual rent will be $300,000 and is scheduled to increase by one-and-one-quarter percent (1.25%) annually throughout the base term and in each of the four (4), five (5)-year renewal options.

Investment Highlights

  • 20-Year Triple-Net (NNN) Sale-Leaseback: At closing the Tenant will execute a brand new 20-year absolute triple-net (NNN) lease. The lease will have no landlord responsibilities.
  • Corporate Guarantee: The lease will be subject to a Corporate Guarantee from Clydesdale Holdings, LLC.
  • Attractive Rental Increases: The lease will feature one and one quarter (1.25%) rental increases annually

Broker of Record

  • Eddie Greenhalgh

    Senior Vice President Investments

    (205) 510-9200

    License(s) AL: 0000882980

    Alabama

Financing By

Car Wash

Caliber Car Wash

Listing Price: $5,000,000

Cap Rate
6.00%
Tenant Name
Caliber Car Wash
Years Remaining On Lease
19.8
Guarantor
Corporate Guarantee
Rentable SF
3,770
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$79.58

Investment Highlights

  • 20-Year Triple-Net (NNN) Sale-Leaseback: At closing the Tenant will execute a brand new 20-year absolute triple-net (NNN) lease. The lease will have no landlord responsibilities.
  • Corporate Guarantee: The lease will be subject to a Corporate Guarantee from Clydesdale Holdings, LLC.
  • Attractive Rental Increases: The lease will feature one and one quarter (1.25%) rental increases annually

Investment Overview

Marcus & Millichap is pleased to present the exclusive listing for a Caliber Wash located 1204 Industrial Pkwy in Saraland, AL. The site will consist of roughly 3,770 rentable square feet of building space on an estimated 1.01-acre parcel of land. The car wash is subject to a 20-year absolute triple-net (NNN) lease, which will commence upon close of escrow. The initial annual rent will be $300,000 and is scheduled to increase by one-and-one-quarter percent (1.25%) annually throughout the base term and in each of the four (4), five (5)-year renewal options.

Broker of Record

  • Eddie Greenhalgh

    Senior Vice President Investments

    (205) 510-9200

    License(s): AL: 0000882980

    Alabama

Financing By

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