Spark Car Wash

West Nyack, New York

About the Investment:

✓ Long-Term, 21-Year Absolute Triple Net (NNN) Lease | Over 20 Years of NNN Term
Remain | Zero Landlord Responsibilities
✓ Highly Exposure Location| Interstate 87 | 150,000 Vehicles Per Day, Respectively
✓ Ideal Consumer Base for Vehicle Repair Services that Spark Offers
✓ Average Household Income of Over $150,000
✓ 2.00% Annual Rental Increases | Ideal Location for a Car Wash in Affluent Core New
York Market
✓ Located Directly Across From The Palisades Center | 13th Largest Mall in the United
States

Key Details

Price:: $6,539,714
Cap Rate:: 7.00%
Annual Rent:: $475,780
Address:: 357 NY-59, West Nyack, New York 10994
Property Type:: Net Leased Car Wash
Lease Type:: Triple Net (NNN)

Original Lease Term:: 21 Years
Lease Commencement:: April 1, 2023
Lease Expiration:: March 30, 2044
Lease Term Remaining:: 20+ Years
Lot Size:: 1.41 Acres
Building Size:: 2 SF
Year Renovated:: 1984
Tenant:: Spark Car Wash

Talk to the pros

Glen Kunofsky

gkunofsky@nnnpro.com

License: 49KU1129178

Anthony D’Ambrosia

adambrosia@nnnpro.com

License: 10401294012

Josh Kanter

jkanter@nnnpro.com

License: 10401294056

Ilan Bley

ibley@nnnpro.com

License: 10401372865

Similar Properties

available

available

available

available