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Mister Car Wash

Columbia, Tennessee

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The NNN Pro Group is pleased to present the exclusive listing for the Mister Car Wash located at 403 South James Campbell Blvd, Columbia, TN 38401. The site will consist of roughly 2,713 rentable square feet of building space on estimated 1.56-acre parcel of land. The Mister Car Wash is subject to an absolute triple-net (NNN) lease that commenced on 3/24/2015. The initial annual rent is $210,162 and is scheduled to increase by 1.50% annually throughout the base term and continuing through 4, 5-Year Options.

✓ 20-Year Absolute Triple Net (NNN) Lease
✓ Approximately 11 Years Remaining
✓ 1.50% Rental Increases Occurring Annually
✓ Four (4), Five (5)-Year Tenant Renewal Options, Bringing the Potential Lease Term to 40 Years
✓ This Property Qualifies for 15-Year Accelerated Depreciation as well as Bonus Depreciation

Key Details

Price:
$5,025,000
Cap Rate:
6.65%
Annual Rent:
$334,159
Address:
2729 N Highland Ave, Columbia, Tennessee 38305
Property Type:
Specialty - Car Wash
Lease Type:
Triple Net (NNN)

Lease Commencement:
January 8, 2020
Lease Expiration:
January 31, 2040
Lease Term Remaining:
16.0 Years
Rental Increases:
1.50% annually
Lot Size:
1.89 Acres
Building Size:
9,012 SF
Year Built:
2009
Tenant:
Mister Car Wash

Talk to the pros

Glen Kunofsky

License: 49KU1129178

Matthew Anuszkiewicz

License: 10401294046

Robert Stein

License: 10401341647

Andrew Darby

Broker of record

Brian Brockman

Bang Realty-Tennessee, Inc

License: 343847


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