Skip to main content

Car Wash

Caliber Car Wash

1880 NE Green Oaks Blvd, Arlington, TX 76006

Listing Price: $5,833,333

Cap Rate
6.00%
Tenant Name
Caliber Car Wash
Years Remaining On Lease
19.7
Guarantor
Corporate Guarantee
Rentable SF
4,898
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$71.46

Investment Overview

Marcus & Millichap is pleased to present the exclusive listing for a Caliber Wash located at 1880 NE Green Oaks Boulevard in Arlington, TX. The site will consist of roughly 4,898 rentable square feet of building space and sits on approximately 1.40 acres. The car wash is subject to a 20-year absolute triple-net (NNN) sale-leaseback, which will commence upon close of escrow. The initial annual rent will be $350,000 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

Exclusively Listed By

  • Glen D. Kunofsky

    Licensed Associate Real Estate Broker

    (212) 430-5115

    Email Glen

    License(s): NY: 10301203289, NY: 109940808

    Manhattan

Broker of Record

  • Tim Speck

    Senior Vice President / Division Manager

    (972) 755-5200

    License(s) TX: 9002994

    Texas

Listing Price: $5,833,333

Cap Rate
6.00%
Tenant Name
Caliber Car Wash
Years Remaining On Lease
19.7
Guarantor
Corporate Guarantee
Rentable SF
4,898
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$71.46

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 at 1880 NE Green Oaks Boulevard in Arlington, TX. The site will consist of roughly 4,898 rentable square feet of building space and sits on approximately 1.40 acres. The car wash is subject to a 20-year absolute triple-net (NNN) sale-leaseback, which will commence upon close of escrow. The initial annual rent will be $350,000 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.

Exclusively Listed By

  • Glen D. Kunofsky

    Licensed Associate Real Estate Broker

    (212) 430-5115

    Email Glen

    License(s): NY: 10301203289, NY: 109940808

    Manhattan

Broker of Record

  • Tim Speck

    Senior Vice President / Division Manager

    (972) 755-5200

    License(s): TX: 9002994

    Texas

MM Texture Background
MM Textured Background Lower