Car Wash
Splash Car Wash
780 Canandaigua Rd, Geneva, NY 14456
Listing Price: $3,985,507
Cap Rate
6.90%
Tenant Name
Splash Car Wash
Years Remaining On Lease
17.7
Gross SF
4,764
Guarantor
Corporate Guarantee
Rentable SF
4,764
Price/Gross SF
$836.59
Lease Type
Absolute Net
Rent Per Square Feet
$57.72
Investment Overview
Marcus & Millichap is pleased to exclusively offer for sale a Splash Car Wash in Geneva, NY
Splash Car Wash
Investment Highlights
- 17.5+ YEARS REMAINING ON ABSOLUTE NNN LEASE WITH 2 X 10-YEAR OPTIONS, 1.75% ANNUAL RENT INCREASES, AND ZERO LANDLORD RESPONSIBILITIES.
- SPLASH CAR WASH IS CORPORATELY GUARANTEED BY SPLASH CAR WASH, INC – 60+ LOCATIONS IN VT, NY, CT, MA – 19TH LARGEST CAR WASH OPERATOR IN US – B (LOW RISK) CREDIT RATING.
- SPLASH CAR WASH WAS ACQUIRED BY ITS PARENT COMPANY, PALLADIN CONSUMER RETAIL PARTNERS (PCRP), IN 2018.
- THE SUBJECT PROPERTY IS SITUATED AT THE SIGNALIZED INTERSECTION OF CANANDAIGUA RD (US-20) AND PRE EMPTION RD, WHICH SEES A COMBINED VPD OF 27,360+ VPD.
- THE SUBJECT PROPERTY IS LOCATED 2 MILES OUTSIDE DOWNTOWN GENEVA, NY. THERE ARE 20,469 RESIDENTS AND 8,148 HOUSEHOLDS WITHIN A 5-MILE RADIUS OF THE PROPERTY, EARNING AN AVERAGE HOUSEHOLD INCOME OF $75,774.
Exclusively Listed By
Broker of Record
Listing Price: $3,985,507
Cap Rate
6.90%
Tenant Name
Splash Car Wash
Years Remaining On Lease
17.7
Gross SF
4,764
Guarantor
Corporate Guarantee
Rentable SF
4,764
Price/Gross SF
$836.59
Lease Type
Absolute Net
Rent Per Square Feet
$57.72
Investment Highlights
- 17.5+ YEARS REMAINING ON ABSOLUTE NNN LEASE WITH 2 X 10-YEAR OPTIONS, 1.75% ANNUAL RENT INCREASES, AND ZERO LANDLORD RESPONSIBILITIES.
- SPLASH CAR WASH IS CORPORATELY GUARANTEED BY SPLASH CAR WASH, INC – 60+ LOCATIONS IN VT, NY, CT, MA – 19TH LARGEST CAR WASH OPERATOR IN US – B (LOW RISK) CREDIT RATING.
- SPLASH CAR WASH WAS ACQUIRED BY ITS PARENT COMPANY, PALLADIN CONSUMER RETAIL PARTNERS (PCRP), IN 2018.
- THE SUBJECT PROPERTY IS SITUATED AT THE SIGNALIZED INTERSECTION OF CANANDAIGUA RD (US-20) AND PRE EMPTION RD, WHICH SEES A COMBINED VPD OF 27,360+ VPD.
- THE SUBJECT PROPERTY IS LOCATED 2 MILES OUTSIDE DOWNTOWN GENEVA, NY. THERE ARE 20,469 RESIDENTS AND 8,148 HOUSEHOLDS WITHIN A 5-MILE RADIUS OF THE PROPERTY, EARNING AN AVERAGE HOUSEHOLD INCOME OF $75,774.
Investment Overview
Marcus & Millichap is pleased to exclusively offer for sale a Splash Car Wash in Geneva, NY
Exclusively Listed By
Broker of Record
To view property details and documents, sign up for a free MyMMI account.
Explore exclusive listings, access research insights, and set up automated alerts for a personalized experience. Sign up now to elevate your property search.
