NNN Pro Group is pleased to present the exclusive listing for a Caliber Car Wash located at 162 Eglin Pkwy NE. The site consists of roughly 2,373 rentable square feet of building space on an estimated 0.51-acre parcel of land. This Caliber Car Wash is subject to a 20-year absolute triple-net (NNN) lease, which commenced on March 1, 2022. The current annual rent is $195,895 and is scheduled to increase by 1.50% annually throughout the base term and in the 1, 5-year renewal option.
About the Investment:
✓ 20-Year Triple-Net (NNN): Long term 20-year absolute triple-net (NNN) lease. The lease has no landlord responsibilities.
✓ Corporate Guarantee: The lease will be subject to a Corporate Guarantee from Clydesdale Holdings LLC
✓ Attractive Rental Increases: The lease will feature one and one half (1.50%) rental increases annually that will continue through the base term and into the one, five-year tenant renewal option period.
✓ Potential Tax Benefits: May Qualify for 80% Bonus Depreciation