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Miscellaneous

Twins Car Wash Murphy

251 King Street, Murphy, NC 28906

Listing Price: $4,652,000

Cap Rate
6.00%
Tenant Name
Twins Car Wash Murphy
Years Remaining On Lease
19.9
Gross SF
4,025
Guarantor
Corporate Guarantee
Rentable SF
4,025
Price/Gross SF
$1,155.78
Lease Type
Absolute Net

Investment Overview

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Investment Highlights

  • 20-Year Triple-Net (NNN) Lease | Brand New 20-Year Absolute NNN Lease With 1.25% Annual Escalations, Providing Investors with A Long-Term Income Stream with A Built-In Inflation Hedge
  • Accelerated Depreciation | The Properties Qualify for 15-Year Accelerated Depreciation
  • Bonus Depreciation | The Subject Property Qualifies for 100% Bonus Depreciation in Year One of Ownership
  • High Industry Growth | According to Grand View Research Inc., The Car Wash Industry's Current Market Size Is Approximately $10.3B And Is Projected to Reach $40.11B by 2026, Growing at An Expected CAGR of 3.13% From 2019 To 2026
  • Dense Retail Corridor | McDonald's, Subway, Wendy's, Pizza Hut, Dunkin 'Donuts and Many More
  • Strong Traffic Counts | Over 23,000 Vehicles Per Day on Hiwassee St and 23,000 On US Highway 74

Exclusively Listed By

Broker of Record

  • Donald Gilchrist

    Senior Associate

    (919) 674-1104

    License(s) NC: 241055

    North Carolina

Financing By

Miscellaneous

Twins Car Wash Murphy

Listing Price: $4,652,000

Cap Rate
6.00%
Tenant Name
Twins Car Wash Murphy
Years Remaining On Lease
19.9
Gross SF
4,025
Guarantor
Corporate Guarantee
Rentable SF
4,025
Price/Gross SF
$1,155.78
Lease Type
Absolute Net

Investment Highlights

  • 20-Year Triple-Net (NNN) Lease | Brand New 20-Year Absolute NNN Lease With 1.25% Annual Escalations, Providing Investors with A Long-Term Income Stream with A Built-In Inflation Hedge
  • Accelerated Depreciation | The Properties Qualify for 15-Year Accelerated Depreciation
  • Bonus Depreciation | The Subject Property Qualifies for 100% Bonus Depreciation in Year One of Ownership
  • High Industry Growth | According to Grand View Research Inc., The Car Wash Industry's Current Market Size Is Approximately $10.3B And Is Projected to Reach $40.11B by 2026, Growing at An Expected CAGR of 3.13% From 2019 To 2026
  • Dense Retail Corridor | McDonald's, Subway, Wendy's, Pizza Hut, Dunkin 'Donuts and Many More
  • Strong Traffic Counts | Over 23,000 Vehicles Per Day on Hiwassee St and 23,000 On US Highway 74

Investment Overview

-

Exclusively Listed By

Broker of Record

  • Donald Gilchrist

    Senior Associate

    (919) 674-1104

    License(s): NC: 241055

    North Carolina

Financing By

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