8680 W Grand River Ave - El Car Wash
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8680 W Grand River Ave - El Car Wash
5,718 SF Specialty Building Offered at $6,400,000 at a 6.25% Cap Rate in Brighton, MI 48116
Executive Summary
-100% Occupied by Free Standing El Car Wash
-Corporate Guarantee | 40+ Locations | Majority Owned by Warburg Pincus
-Existing Locations Among Strongest Performing Units in The Nation
-Operating On a 20-Year Absolute NNN Lease | Leaving Zero Landlord Responsibilities
-Sale Lease Back | 20-Year Lease to Commence Upon Closing of Escrow
-2% Annual Rental Increases
-Build To Suit | Construction to Be Complete and Rent Commencing by September 2024
-Pad Site of Very High Performing Meijer
-Large Parcel | 1.73 Acre Site
-Wealthy Trade Area | Average Household Income Exceeding $120,700 Within a 5 Mile Radius
-Densely Populated Trade Area with Over 183,360 Residents Within 10 Miles
-High Traffic Counts | Grand River Ave (22,500 CPD) | Just Off I-96 (88,200 CPD)
-Surrounded by Many National Retailers
-Corporate Guarantee | 40+ Locations | Majority Owned by Warburg Pincus
-Existing Locations Among Strongest Performing Units in The Nation
-Operating On a 20-Year Absolute NNN Lease | Leaving Zero Landlord Responsibilities
-Sale Lease Back | 20-Year Lease to Commence Upon Closing of Escrow
-2% Annual Rental Increases
-Build To Suit | Construction to Be Complete and Rent Commencing by September 2024
-Pad Site of Very High Performing Meijer
-Large Parcel | 1.73 Acre Site
-Wealthy Trade Area | Average Household Income Exceeding $120,700 Within a 5 Mile Radius
-Densely Populated Trade Area with Over 183,360 Residents Within 10 Miles
-High Traffic Counts | Grand River Ave (22,500 CPD) | Just Off I-96 (88,200 CPD)
-Surrounded by Many National Retailers
Property Facts
| Price | $6,400,000 | Property Subtype | Car Wash |
| Price Per SF | $1,119 | Building Class | C |
| Sale Type | Investment | Lot Size | 1.73 AC |
| Cap Rate | 6.25% | Building Size | 5,718 SF |
| Sale Conditions | Sale Leaseback | No. Stories | 1 |
| Property Type | Specialty | Year Built | 2024 |
| Price | $6,400,000 |
| Price Per SF | $1,119 |
| Sale Type | Investment |
| Cap Rate | 6.25% |
| Sale Conditions | Sale Leaseback |
| Property Type | Specialty |
| Property Subtype | Car Wash |
| Building Class | C |
| Lot Size | 1.73 AC |
| Building Size | 5,718 SF |
| No. Stories | 1 |
| Year Built | 2024 |
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zoning
| Zoning Code | C-2 (Commercial) |
| C-2 (Commercial) |
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8680 W Grand River Ave - El Car Wash
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