Ultimate Shine Car Wash

Roanoke, Virginia

NNN Pro Group is pleased to present the exclusive listing for Ultimate Shine Car Wash, located at 3250 Electric Rd., Roanoke, VA 24018. The site consists of roughly 5,106 total rentable square feet of building space on an estimated total of 1.03-acres of land. This Flagship Carwash is subject to a 20-year absolute triple-net (NNN) lease, which will commence at the close of escrow. The annual rent is $380,000 and is scheduled to increase by 1.50% annually throughout the base term and in each of the 4, 5-year renewal options.

About the Investment:

✓ Long-Term, 20-Year Absolute Triple Net (NNN) Sale-Leaseback
✓ Corporate Guaranty from Ultimate Shine Virginia HoldCo LLC | 21+ Unit Guaranty |Expected to Grow to 30+ Units by 2025
✓ 1.50% Annual Rental Increases
✓ Four (4), Five (5)-Year Tenant Renewal Options, Bringing the Potential Lease Term to 40 Years
✓ Accelerated & Bonus Depreciation | Properties Qualify for Both 60% Bonus Depreciation & 15 Year Accelerated Depreciation