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Car Wash

Soak + Shine Car Wash | New 20 Year Absolute NNN Lease w/ 2% Annual Increases

15625 S 32nd St, Phoenix, AZ 85048

Listing Price: $3,737,000

Cap Rate
6.75%
Tenant Name
Soak + Shine Auto & Pet Wash
Years Remaining On Lease
20.0
Gross SF
2,002
Guarantor
Personal Guarantee
Rentable SF
2,002
Price/Gross SF
$1,866.63
Lease Type
Absolute Net
Rent Per Square Feet
$126.00

Investment Overview

Soak + Shine Auto and Pet Wash is revolutionizing the car wash experience by offering a state-of-the-art automatic tunnel, self-serve car wash bays, and self-serve pet wash systems.

The Phoenix metro consists of Maricopa and Pinal counties, and includes more than 30 incorporated and more than 30 unincorporated towns and cities. As of 2020, Metro Phoenix had 4.8 million residents, making it the nation’s 11th-largest metropolitan area.

Investment Highlights

  • Brand New 20-Year Absolute Triple-Net (NNN) Lease
  • 2 Percent Annual Rental Increases with Multiple Renewal Options
  • Full Renovation Completed in 2022 - Conveyor-Style Car Wash with Full Detailing Service, Five-Bay Self-Serve Car Wash, Self-Serve Pet Wash, and Eight Vacuum Stations
  • Qualifies for 100 Percent Bonus/Accelerated Depreciation
  • 122,126 Residents within a Five-Mile Radius - Growing Trade Area in the Ahwatukee Foothills Community

Exclusively Listed By

Broker of Record

  • Ryan Sarbinoff

    First Vice President/Regional Manager

    (602) 687-6700

    License(s) AZ: BR675146000

    Arizona

Financing By

Car Wash

Soak + Shine Car Wash | New 20 Year Absolute NNN Lease w/ 2% Annual Increases

Listing Price: $3,737,000

Cap Rate
6.75%
Tenant Name
Soak + Shine Auto & Pet Wash
Years Remaining On Lease
20.0
Gross SF
2,002
Guarantor
Personal Guarantee
Rentable SF
2,002
Price/Gross SF
$1,866.63
Lease Type
Absolute Net
Rent Per Square Feet
$126.00

Investment Highlights

  • Brand New 20-Year Absolute Triple-Net (NNN) Lease
  • 2 Percent Annual Rental Increases with Multiple Renewal Options
  • Full Renovation Completed in 2022 - Conveyor-Style Car Wash with Full Detailing Service, Five-Bay Self-Serve Car Wash, Self-Serve Pet Wash, and Eight Vacuum Stations
  • Qualifies for 100 Percent Bonus/Accelerated Depreciation
  • 122,126 Residents within a Five-Mile Radius - Growing Trade Area in the Ahwatukee Foothills Community

Investment Overview

Soak + Shine Auto and Pet Wash is revolutionizing the car wash experience by offering a state-of-the-art automatic tunnel, self-serve car wash bays, and self-serve pet wash systems. The Phoenix metro consists of Maricopa and Pinal counties, and includes more than 30 incorporated and more than 30 unincorporated towns and cities. As of 2020, Metro Phoenix had 4.8 million residents, making it the nation’s 11th-largest metropolitan area.

Exclusively Listed By

Broker of Record

  • Ryan Sarbinoff

    First Vice President/Regional Manager

    (602) 687-6700

    License(s): AZ: BR675146000

    Arizona

Financing By

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