For Sale
$4,728,557

121 River Bend Dr Granite Falls, NC 28630

High-yield NNN car wash investment.

Overview

Added:
Dec 11, 2024
Days on market:
130
This exceptional investment opportunity presents a Caliber Car Wash located at 121 River Bend Dr, Granite Falls, NC 28630. The property boasts 4,332 square feet on a 1.5-acre lot, built in 2022. The property is subject to a 20-year Triple Net (NNN) lease, commencing December 29, 2022, and expiring December 31, 2042, leaving over 18 years remaining. The current annual net operating income (NOI) is $330,999, with a 7.00% cap rate and an asking price of $4,728,557. The lease includes annual rent increases of 2.00%, providing consistent growth. A corporate guarantee from Clydesdale Holdings LLC, operating 57 locations nationwide, ensures financial stability. The lease further includes four, 5-year renewal options, extending the potential lease term for an additional 20 years. This property is 100% occupied and qualifies for 15-year accelerated depreciation and bonus depreciation. This is a strong, long-term investment with minimal landlord responsibilities and significant upside potential. Consult with a qualified professional for tax implications.

Highlights

  • Long-Term NNN Lease: Over 18 years remaining on a 20-year lease with zero landlord responsibilities.
  • Annual Rent Increases: 2% annual rent increases are built into the lease.
  • Corporate Guarantee: Strong corporate guarantee from Clydesdale Holdings LLC, operating 57 nationwide locations.
  • Renewal Options: Four 5-year renewal options, extending the lease term by an additional 20 years.
  • Accelerated Depreciation: Qualifies for 15-year accelerated and bonus depreciation.

Property Details for 121 River Bend Dr

Property type
Specialty properties, Car washes
Square Feet
4,332 SF
Year Built
2022
Lot Size (sq. ft)
65,340 SF

Location Insight

City
Granite Falls
County
Caldwell
State
North Carolina
Latitude
35.7790512
Longitude
-81.3946772
121 River Bend Dr, Granite Falls, North Carolina

FAQs

What type of property is this?
Specialty property - High-yield NNN car wash investment.
Where is the specialty property located?
The property is located at 121 River Bend Dr Granite Falls, NC.
What is the asking price?
The asking price for this property is $4,728,557.
What are key features of this property?
This property features: Long-Term NNN Lease: Over 18 years remaining on a 20-year lease with zero landlord responsibilities.; Annual Rent Increases: 2% annual rent increases are built into the lease.; Corporate Guarantee: Strong corporate guarantee from Clydesdale Holdings LLC, operating 57 nationwide locations.
How can I contact the broker?
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121 River Bend Dr
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