596 Fieldstown RdGardendale, AL 35071

Property Details for 596 Fieldstown Rd

Year built

2001

Lot size

0.70 AC

Property size (Sq ft)

4,548 SF

Zone code

C2

Property type

Retail properties

Property subtype

Turn key restaurants

APN

14-00-11-4-010-007.000

APU

1400114010007000

Description

This exceptional investment opportunity presents a fee-simple Caliber Car Wash located at 596 Fieldstown Rd, Gardendale, Alabama, 35071. The property boasts a substantial 3,648 square foot building situated on a 1.15-acre lot. Currently operating under a triple-net (NNN) lease with a corporate guarantee, this car wash offers significant financial stability. The lease commenced April 8, 2022, and has a remaining term of approximately 18.2 years, extending to January 31, 2043. The annual net operating income (NOI) is $258,472, resulting in a compelling 6.85% cap rate. The asking price is $3,773,315, translating to a price per square foot of $1,034.35. The lease includes annual rent increases of 2.00%, providing consistent growth potential. Furthermore, the lease includes three five-year renewal options, potentially extending the lease term to 35 years. This property is built in 2001 and qualifies for 15-year accelerated depreciation and bonus depreciation, offering additional tax advantages for the investor. The property's 100% occupancy ensures immediate cash flow. This is a rare opportunity to acquire a high-performing, long-term, and secure investment in a prime location.

Location Insight

City

Gardendale

County

Jefferson

State

Alabama

Latitude

33.653

Longitude

-86.8214

CBSA code

13820

CBSA name

BIRMINGHAM-HOOVER, AL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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