Marcus & Millichap is pleased to present the exclusive listing for a Caliber Wash located at 100 Huddleston Rd, Peachtree City, GA. The site will consist of roughly 3,648 rentable square feet of building space and sits on an estimated 1.29-acre lot. The car wash is subject to a 20-year absolute triple-net (NNN) lease, which will commence upon close of escrow. The initial annual rent will be $325,000 and is scheduled to increase by one-and-one-quarter percent (1.25%) annually throughout the base term and in each of the four (4), five (5)-year renewal options.
About the Investment
20-Year Triple-Net (NNN) Sale-Leaseback: At closing the Tenant will execute a brand new 20-year absolute triple-net (NNN) lease. The lease will have 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 quarter (1.25%) rental increases annually that will continue through the base term and into the four, five-year tenant renewal option periods.