Car Wash
Cobblestone Car Wash
801 Wadsworth Blvd, Lakewood, CO 80214
Listing Price: $5,748,031
Cap Rate
6.50%
Tenant Name
Cobblestone Car Wash
Guarantor
Corporate Guarantee
Rentable SF
6,439
Lease Type
Absolute Net
Rent Per Square Feet
$58.02
Investment Overview
801 Wadsworth Blvd, Lakewood, CO
Cobblestone Car Wash
Investment Highlights
- Long-Term, 20-Year Absolute Triple Net (NNN) Sale-Leaseback
- Corporate Guaranty from Cobblestone HoldCo LLC | 80+ Unit Guaranty
- 1.50% Annual Rental Increases | Four (4), Five (5)-Year Tenant Renewal Options, Bringing the Potential Lease Term to 40 Years
- Accelerated & Bonus Depreciation | Properties Qualify for Both 60% Bonus Depreciation & 15 Year Accelerated Depreciation
- Spotless Brands is one of the fastest growing and largest car wash companies in the United States.
- Cobblestone is the undisputed leader in the car wash industry in Phoenix, AZ and now in Denver, CO
Broker of Record
Financing By
Listing Price: $5,748,031
Cap Rate
6.50%
Tenant Name
Cobblestone Car Wash
Guarantor
Corporate Guarantee
Rentable SF
6,439
Lease Type
Absolute Net
Rent Per Square Feet
$58.02
Investment Highlights
- Long-Term, 20-Year Absolute Triple Net (NNN) Sale-Leaseback
- Corporate Guaranty from Cobblestone HoldCo LLC | 80+ Unit Guaranty
- 1.50% Annual Rental Increases | Four (4), Five (5)-Year Tenant Renewal Options, Bringing the Potential Lease Term to 40 Years
- Accelerated & Bonus Depreciation | Properties Qualify for Both 60% Bonus Depreciation & 15 Year Accelerated Depreciation
- Spotless Brands is one of the fastest growing and largest car wash companies in the United States.
- Cobblestone is the undisputed leader in the car wash industry in Phoenix, AZ and now in Denver, CO
Investment Overview
801 Wadsworth Blvd, Lakewood, CO
Broker of Record
-
Adam Lewis
First Vice President/Regional Manager
Financing By
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