121 River Bend Dr - Caliber Car Wash
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121 River Bend Dr - Caliber Car Wash
4,332 SF Specialty Building Offered at $4,728,557 at a 7% Cap Rate in Granite Falls, NC 28630
Investment Highlights
- Long-Term Absolute Triple Net (NNN) Lease | Over 18 years of term remaining on the initial 20-year lease with zero landlord responsibilities.
- Strong Corporate Guarantee
- Attractive Rent Increases | The lease will feature scheduled increases of 2.00% annually.
Executive Summary
NNN Pro is pleased to present the exclusive listing for a Caliber
Car Wash located at 121 River Bend Dr, Granite Falls, NC 28630.
The site consists of roughly 4,332 rentable square feet of building
space on an estimated 1.5-acre parcel of land. This Caliber Car
Wash is subject to a 20-year Triple Net (NNN) lease, which
commenced 12/29/2022. The current annual rent is $330,999
and has scheduled increases of 2.00% annually
Car Wash located at 121 River Bend Dr, Granite Falls, NC 28630.
The site consists of roughly 4,332 rentable square feet of building
space on an estimated 1.5-acre parcel of land. This Caliber Car
Wash is subject to a 20-year Triple Net (NNN) lease, which
commenced 12/29/2022. The current annual rent is $330,999
and has scheduled increases of 2.00% annually
Property Facts
| Price | $4,728,557 | Building Class | C |
| Price Per SF | $1,092 | Lot Size | 1.50 AC |
| Sale Type | Investment | Building Size | 4,332 SF |
| Cap Rate | 7% | No. Stories | 1 |
| Property Type | Specialty | Year Built | 2022 |
| Property Subtype | Car Wash | Parking Ratio | 7.16/1,000 SF |
| Price | $4,728,557 |
| Price Per SF | $1,092 |
| Sale Type | Investment |
| Cap Rate | 7% |
| Property Type | Specialty |
| Property Subtype | Car Wash |
| Building Class | C |
| Lot Size | 1.50 AC |
| Building Size | 4,332 SF |
| No. Stories | 1 |
| Year Built | 2022 |
| Parking Ratio | 7.16/1,000 SF |
PROPERTY TAXES
| Parcel Number | 08-65A-1-6 | Improvements Assessment | $275,800 |
| Land Assessment | $469,800 | Total Assessment | $745,600 |
PROPERTY TAXES
Parcel Number
08-65A-1-6
Land Assessment
$469,800
Improvements Assessment
$275,800
Total Assessment
$745,600
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121 River Bend Dr - Caliber Car Wash
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