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Sgt. Clean Car Wash

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NNN Pro Group is pleased to present the exclusive listing for a Sgt. Clean Car Wash located at 27100 Lorain Rd, North Olmstead, OH. The site consists of roughly 2,175 rentable square feet of building space on estimated 1.16-acre parcel of land. This Sgt. Clean Car Wash is subject to a 20-year absolute triple-net (NNN) lease, which will commence at the close of escrow. The current annual rent is $300,000 and is scheduled to increase by 2.00% annually and in each of the 4, 5-year renewal options.

✓ 20-Year Triple-Net (NNN) Sale-Leaseback: At Closing the Tenant Will Execute a Brand New 20-Year Absolute Triple-Net Lease. The Lease Will Have No Landlord Responsibilities.
✓ Corporate Guaranty: The Lease will be subject to a Corporate Guaranty
✓ Accelerated and Bonus Depreciation: The Properties Qualify for 15-Year Accelerated Depreciation as well as Bonus Depreciation
✓ Rental Increases: The Leases will Include 2.00% Annual Rental Increases