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Miscellaneous

Greenway Express Car Wash

9121 S Tryon St, Charlotte, NC 28273

Listing Price: $3,220,000

Cap Rate
5.75%
Tenant Name
Greenway Express Car Wash
Years Remaining On Lease
19.9
Gross SF
2,775
Guarantor
Corporate Guarantee
Rentable SF
2,775
Price/Gross SF
$1,160.36
Lease Type
Absolute Net

Investment Overview

Rental Increases | The Lease will Include 1.50% Annual Rental Increases

Investment Highlights

  • 20-Year Triple-Net (NNN) Lease | At Closing the Tenant will Execute a Brand New 20-Year Absolute Triple-Net Lease, Lease will Have No Landlord Responsibilities
  • Accelerated Depreciation | The Properties Qualify for 15-Year Accelerated Depreciation as well as Bonus Depreciation
  • Corporate Guarantee | The Lease will be subject to a Corporate Guarantee by Express Wash Operations, LLC (35+-Unit Operator)
  • Excellent Access & Visibility | Located Off S Tyron Street Which Is Passed by Over 44,000 Vehicles Per Day and Hwy 485 With Over 121,000+ Vehicles Per Day
  • Notable Surround Retailers | Surrounding Retailers Include Starbucks, Burger King, Taco Bell, Dunkin' Donuts, Domino's Pizza, Dollar Tree, AutoZone Auto Parts, KFC And Many More
  • Near Charlotte / Douglas International Airport | Eleven Miles North Of Charlotte International Airport which Averages 27.2M+ Annual Passengers And Is The Sixth Busiest Airport In The Country
  • $500,000+ Equipment Upgrades | New Vacuum Stations, Tunnel Equipment, LED Pay Station Marketing, Wash Package Signage, Canopy Fascia Replacement, Concrete/Retaining Wall Repairs and more

Exclusively Listed By

Broker of Record

  • Benjamin Yelm

    Regional Manager

    (843) 952-2222

    License(s) NC: 303785

    North Carolina

Financing By

Miscellaneous

Greenway Express Car Wash

Listing Price: $3,220,000

Cap Rate
5.75%
Tenant Name
Greenway Express Car Wash
Years Remaining On Lease
19.9
Gross SF
2,775
Guarantor
Corporate Guarantee
Rentable SF
2,775
Price/Gross SF
$1,160.36
Lease Type
Absolute Net

Investment Highlights

  • 20-Year Triple-Net (NNN) Lease | At Closing the Tenant will Execute a Brand New 20-Year Absolute Triple-Net Lease, Lease will Have No Landlord Responsibilities
  • Accelerated Depreciation | The Properties Qualify for 15-Year Accelerated Depreciation as well as Bonus Depreciation
  • Corporate Guarantee | The Lease will be subject to a Corporate Guarantee by Express Wash Operations, LLC (35+-Unit Operator)
  • Excellent Access & Visibility | Located Off S Tyron Street Which Is Passed by Over 44,000 Vehicles Per Day and Hwy 485 With Over 121,000+ Vehicles Per Day
  • Notable Surround Retailers | Surrounding Retailers Include Starbucks, Burger King, Taco Bell, Dunkin' Donuts, Domino's Pizza, Dollar Tree, AutoZone Auto Parts, KFC And Many More
  • Near Charlotte / Douglas International Airport | Eleven Miles North Of Charlotte International Airport which Averages 27.2M+ Annual Passengers And Is The Sixth Busiest Airport In The Country
  • $500,000+ Equipment Upgrades | New Vacuum Stations, Tunnel Equipment, LED Pay Station Marketing, Wash Package Signage, Canopy Fascia Replacement, Concrete/Retaining Wall Repairs and more

Investment Overview

Rental Increases | The Lease will Include 1.50% Annual Rental Increases

Exclusively Listed By

Broker of Record

  • Benjamin Yelm

    Regional Manager

    (843) 952-2222

    License(s): NC: 303785

    North Carolina

Financing By

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