32685 23 Mile Rd | Chesterfield, MI 48047
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32685 23 Mile Rd
Chesterfield, MI 48047
WhiteWater Express Car Wash · Specialist Property For Sale
·
3,361 sq ft
INVESTMENT HIGHLIGHTS
- LONG TERM LEASE - The subject property has over 18 years remaining on the initial term of a Corporate Absolute NNN Lease.
- HIGH TRAFFIC LOCATION - Site is located along 23 Mile Road, a major thoroughfare in the area which sees over 26,000 vehicles per day.
- STRONG CORPORATE GUARANTOR - 100+ Locations by the end of 2022 backed by over 50 years of combined car wash experience.
- BONUS DEPRECIATION - Fee simple ownership of a Car Wash provides the landlord the opportunity to use accelerated Bonus depreciation model.
- RENTAL INCREASES - 1% Annual Rental increases throughout the base term gives the investor the ability to hedge against inflation.
- ZERO LANDLORD RESPONSIBILITIES - Absolute NNN Lease. Ideal for Investors not Local to the Market or looking for a "hands o?" investment.
PROPERTY FACTS
| Property Type | Specialist | Property Size | 3,361 sq ft |
| Property Subtype | Car Wash | No. Floors | 1 |
| Costar Property Class | C | Year Built/Renovated | 1995/2022 |
| Total Plot Size | 1.00 ac | Parking Allocation | 2.98/1,000 sq ft |
| Use Class | C4 | ||
| Property Type | Specialist |
| Property Subtype | Car Wash |
| Costar Property Class | C |
| Total Plot Size | 1.00 ac |
| Property Size | 3,361 sq ft |
| No. Floors | 1 |
| Year Built/Renovated | 1995/2022 |
| Parking Allocation | 2.98/1,000 sq ft |
| Use Class | C4 |
PROPERTY TAXES
| Parcel Number | 15-09-15-400-045 | Improvements Assessment | £0 |
| Land Assessment | £0 | Total Assessment | £255,395 |
PROPERTY TAXES
Parcel Number
15-09-15-400-045
Land Assessment
£0
Improvements Assessment
£0
Total Assessment
£255,395
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