The NNN Pro Group is pleased to present the exclusive listing for the Caliber Car Wash located at 596 Fieldstown Rd, Gardendale, AL 35071. The site will consist of roughly 3,648 rentable square feet of building space on estimated 1.15-acre parcel of land. The Caliber Car Wash is subject to an absolute triple-net (NNN) lease that commenced on 4/08/2022. The initial annual rent is $258,472 and is scheduled to increase by 2.00% annually throughout the base term and continuing through 3, 5-Year Options.
About the Investment
✓ Long-Term, 20-Year Absolute Triple Net (NNN) Lease
✓ Approximately 19 Years Remaining
✓ 2.00% Rental Increases Occurring Annually
✓ Three (3), Five (5)-Year Tenant Renewal Options, Bringing the Potential Lease Term to 35 Years
✓ This Property Qualifies for 15-Year Accelerated Depreciation as well as Bonus Depreciation
