1905 Main StCentre, AL 35960

Property Details for 1905 Main St

Year built

2012

Lot size

0.99 AC

Property size (Sq ft)

3,285 SF

Property type

Retail properties

Property subtype

Other specialty properties

Description

This exceptional investment opportunity presents a 3,285 square foot Take 5 Car Wash located at 1905 W Main St, Centre, Alabama, 35960. Situated on a 0.99-acre lot, the property boasts a strong 5.80% cap rate and a substantial net operating income (NOI) of $63,541. The property is subject to a 20-year Triple Net (NNN) lease, commencing September 30, 2019, and expiring September 30, 2039, leaving a remaining lease term of approximately 14.9 years. The lease includes a corporate guarantee and features annual rent increases of 1.50%, ensuring consistent income growth. Built in 2012, this 100% occupied car wash offers a secure investment with a price per square foot of $333.50 and an asking price of $1,095,534. The property's location in Cherokee County, Alabama, provides excellent visibility and accessibility. This is a rare chance to acquire a high-performing, established car wash with a long-term, secure lease. The investment is further strengthened by the corporate guarantee provided. This is a turnkey investment opportunity with significant upside potential.

Location Insight

City

Centre

County

Cherokee

State

Alabama

Latitude

34.1597

Longitude

-85.7132

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