Car Wash
Caliber Car Wash w/ 12% Increases | Excellent Real Estate | 15 Year Absolute NNN Lease
1311 W North Carolina 54, Durham (The Research Triangle), NC 27707
Listing Price: $3,833,333
Investment Overview
Durham is a city in and the county seat of Durham County, North Carolina. A principal city of the Raleigh-Durham-Chapel Hill metro, the city is also part of the Research Triangle region. Duke University and Duke University Health System are Durham’s largest employers. Additionally, the city is home to a recently revitalized downtown and regularly hosts various festivals and events. Durham is rich in culture and history and has excellent music, arts, and sports scenes. The Raleigh-Durham-Chapel Hill metro is located in the north-central portion of North Carolina, where the North American Piedmont and Atlantic Coastal Plain regions join. The market is approximately a two-hour drive west of the Atlantic Ocean and a four-hour commute east of the Appalachian Mountains. Durham is the second-largest city in the metro behind Raleigh with over 507,700 residents. The metro is projected to add nearly 228,000 residents over the next five years, resulting in the formation of 92,000 households. A metro median home price of roughly $450,000 is lower than many other East Coast communities, and a median household income of $72,000 is above the national median. Numerous world-renowned colleges and universities are located in the metro, contributing to an educated labor pool. Institutes like Duke University, North Carolina State University, and the University of North Carolina at Chapel have helped grow the metro’s tech industry. The Research Triangle Park attracts and fosters a number of high-tech and biotechnology-based firms. Spanning 7,000 acres, the Research Triangle is home to more than 300 global companies employing roughly 50,000 salaried employees.
Caliber Car Wash w/ 12% Increases | Excellent Real Estate | 15 Year Absolute NNN Lease
Investment Highlights
- 15 Year Absolute Net Ground Lease (Zero Landlord Obligations) Above Average 12% Rental Increases Every 5 Years throughout the Initial Term and Options. Favorable Re-Zoning to Commercial General.
- Positioned Along Area's Major Traffic & Retail Corridor. Major Signalized Hard Corner Location - Features Easy Access and Excellent Visibility with Daily Traffic Counts Exceeding 37k Vehicles.
- Densely Populated and Affluent Area: Features an Average Household Income of more than $112k within a 1-Mile Radius and over 142k People Residing within a 5-Mile Radius.
- An Affluent Population, Strong Employment Base Generating New Jobs, sustained Area Growth and Billions of Dollars in Planned Commercial and Residential Development Projects all support the Strength of the Triangle Region as a whole.
- Near Numerous National Retailers including CVS, Walgreens, Harris Teeter, Food Lion, Target, ALDI, Petco, Michaels, HomeGoods and many more.
- In Close Proximity to The Streets at Southpoint - one of the Largest Malls in the State and Serves as a Major Retail Destination for the Triangle Region, featuring more than 150 Stores.
- Service-Based, Internet Resistant, and Recession-Proof Investment Poised for Long-Term Success: The Car Wash Business is a Highly Segmented $15 Billion Industry that is growing at 3.2% Annually.
- Minutes from Duke University - one of the Wealthiest Private Universities in America with a Total Enrollment of more than 15k Students. Immediate Area Experiencing Major Growth: Located in a Rapidly Growing Community with Robust Demographics - Near Several Large Retail & Housing Developments / Under Construction.
Car Wash
Caliber Car Wash w/ 12% Increases | Excellent Real Estate | 15 Year Absolute NNN Lease
Listing Price: $3,833,333
Investment Highlights
- 15 Year Absolute Net Ground Lease (Zero Landlord Obligations) Above Average 12% Rental Increases Every 5 Years throughout the Initial Term and Options. Favorable Re-Zoning to Commercial General.
- Positioned Along Area's Major Traffic & Retail Corridor. Major Signalized Hard Corner Location - Features Easy Access and Excellent Visibility with Daily Traffic Counts Exceeding 37k Vehicles.
- Densely Populated and Affluent Area: Features an Average Household Income of more than $112k within a 1-Mile Radius and over 142k People Residing within a 5-Mile Radius.
- An Affluent Population, Strong Employment Base Generating New Jobs, sustained Area Growth and Billions of Dollars in Planned Commercial and Residential Development Projects all support the Strength of the Triangle Region as a whole.
- Near Numerous National Retailers including CVS, Walgreens, Harris Teeter, Food Lion, Target, ALDI, Petco, Michaels, HomeGoods and many more.
- In Close Proximity to The Streets at Southpoint - one of the Largest Malls in the State and Serves as a Major Retail Destination for the Triangle Region, featuring more than 150 Stores.
- Service-Based, Internet Resistant, and Recession-Proof Investment Poised for Long-Term Success: The Car Wash Business is a Highly Segmented $15 Billion Industry that is growing at 3.2% Annually.
- Minutes from Duke University - one of the Wealthiest Private Universities in America with a Total Enrollment of more than 15k Students. Immediate Area Experiencing Major Growth: Located in a Rapidly Growing Community with Robust Demographics - Near Several Large Retail & Housing Developments / Under Construction.
Investment Overview
Durham is a city in and the county seat of Durham County, North Carolina. A principal city of the Raleigh-Durham-Chapel Hill metro, the city is also part of the Research Triangle region. Duke University and Duke University Health System are Durham’s largest employers. Additionally, the city is home to a recently revitalized downtown and regularly hosts various festivals and events. Durham is rich in culture and history and has excellent music, arts, and sports scenes. The Raleigh-Durham-Chapel Hill metro is located in the north-central portion of North Carolina, where the North American Piedmont and Atlantic Coastal Plain regions join. The market is approximately a two-hour drive west of the Atlantic Ocean and a four-hour commute east of the Appalachian Mountains. Durham is the second-largest city in the metro behind Raleigh with over 507,700 residents. The metro is projected to add nearly 228,000 residents over the next five years, resulting in the formation of 92,000 households. A metro median home price of roughly $450,000 is lower than many other East Coast communities, and a median household income of $72,000 is above the national median. Numerous world-renowned colleges and universities are located in the metro, contributing to an educated labor pool. Institutes like Duke University, North Carolina State University, and the University of North Carolina at Chapel have helped grow the metro’s tech industry. The Research Triangle Park attracts and fosters a number of high-tech and biotechnology-based firms. Spanning 7,000 acres, the Research Triangle is home to more than 300 global companies employing roughly 50,000 salaried employees.
