Car Wash
Caliber Car Wash
1204 Industrial Pkwy, Saraland, AL 36571
Listing Price: $5,000,000
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.
Caliber Car Wash
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
Financing By
Listing Price: $5,000,000
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
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Eddie Greenhalgh
Senior Vice President Investments
Financing By
