51057 Milano Dr | Macomb, MI 48042
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51057 Milano Dr
Macomb, MI 48042
WhiteWater Express Car Wash · Specialist Property For Sale
·
5,893 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.
- EXCELLENT DEMOGRAPHICS - One of the Fastest Growing Communities in the State with a 5-Mile Population of 192,000+ residents.
- 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 | No. Floors | 1 |
| Property Subtype | Car Wash | Year Built/Renovated | 1993/2022 |
| Costar Property Class | C | Tenancy | Single |
| Total Plot Size | 1.37 ac | Parking Allocation | 3.05/1,000 sq ft |
| Property Size | 5,893 sq ft | ||
| Use Class | C4 | ||
| Property Type | Specialist |
| Property Subtype | Car Wash |
| Costar Property Class | C |
| Total Plot Size | 1.37 ac |
| Property Size | 5,893 sq ft |
| No. Floors | 1 |
| Year Built/Renovated | 1993/2022 |
| Tenancy | Single |
| Parking Allocation | 3.05/1,000 sq ft |
| Use Class | C4 |
PROPERTY TAXES
| Parcel Number | 20-08-18-451-006 | Improvements Assessment | £0 |
| Land Assessment | £0 | Total Assessment | £343,603 |
PROPERTY TAXES
Parcel Number
20-08-18-451-006
Land Assessment
£0
Improvements Assessment
£0
Total Assessment
£343,603
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