121 River Bend DrGranite Falls, NC 28630

Property Details for 121 River Bend Dr

Year built

2022

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

0.96 AC

Property size (Sq ft)

3,806 SF

Property type

Car washes

APN

08 65A 1 6

APU

0865A16

Description

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.

• CAP approach

  CAP return

  Valuation

  6%

  $1,307,266

  6.5%

  $1,206,707

  7%

  $1,120,514

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,624,160

  Geo Method

  $1,624,160

• Alternative Use

  Use

  Valuation

  Residential

  $1,017,903

  Hospitality

  $932,393

  Educational

  $775,740

  Medical

  $802,419

  Retail

  $1,206,707

Location Insight

City

Granite Falls

County

Caldwell

State

North Carolina

Latitude

35.7789

Longitude

-81.3945

CBSA code

25860

CBSA name

HICKORY-LENOIR-MORGANTON, NC METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?

Please email our support team at [email protected] and they will add the team member.

How do I access a private listing?

Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.

How can I contact the broker?

We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.

How do I unsubscribe from emails?

At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].