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3064 Jericho Tpke - Splash Car Wash Sale-Leaseback 4,637 SF Specialty Building Offered at $9,844,056 CAD at a 6.25% Cap Rate in East Northport, NY 11731
Investment Highlights
- 100% Bonus Depreciation
- Absolute NNN Lease
- Tremendous Sales Performer
Executive Summary
• Single Tenant Splash Car Wash Sale-Leaseback
° Corporately guaranteed lease by Splash Car Wash
° Absolute NNN Lease with zero landlord responsibilities
° 20-year initial lease term with four 5-year options
° 1.50% annual increases during primary term and options
• About Splash Car Wash
° 75+ locations across the Northeastern United States: CT, MA, NY, VT
° Private equity backed by multi-billion dollar firm, AEA Investors (More Info)
° 40+ years in-business employing 1,000+ & washing 8MM+ cars per year
° Rapidly expanding through acquisitions and greenfield development, with a targeted
footprint of 200+ locations by 2030
Increasing Long Island density with three new locations opening in early 2025
(six total locations), supported by a pipeline of M&A and greenfield developments
° Corporately guaranteed lease by Splash Car Wash
° Absolute NNN Lease with zero landlord responsibilities
° 20-year initial lease term with four 5-year options
° 1.50% annual increases during primary term and options
• About Splash Car Wash
° 75+ locations across the Northeastern United States: CT, MA, NY, VT
° Private equity backed by multi-billion dollar firm, AEA Investors (More Info)
° 40+ years in-business employing 1,000+ & washing 8MM+ cars per year
° Rapidly expanding through acquisitions and greenfield development, with a targeted
footprint of 200+ locations by 2030
Increasing Long Island density with three new locations opening in early 2025
(six total locations), supported by a pipeline of M&A and greenfield developments
Data Room Click Here to Access
- Offering Memorandum
Property Facts
| Price | $9,844,056 CAD | Building Class | C |
| Price Per SF | $2,067.21 CAD | Lot Size | 0.93 AC |
| Sale Type | Investment | Building Size | 4,762 SF |
| Cap Rate | 6.25% | No. Stories | 1 |
| Sale Condition | Sale Leaseback | Year Built/Renovated | 1986/2026 |
| Property Type | Specialty | Parking Ratio | 2.94/1,000 SF |
| Property Subtype | Car Wash | No. Drive In / Grade-Level Doors | 1 |
| Zoning | C6 | ||
| Price | $9,844,056 CAD |
| Price Per SF | $2,067.21 CAD |
| Sale Type | Investment |
| Cap Rate | 6.25% |
| Sale Condition | Sale Leaseback |
| Property Type | Specialty |
| Property Subtype | Car Wash |
| Building Class | C |
| Lot Size | 0.93 AC |
| Building Size | 4,762 SF |
| No. Stories | 1 |
| Year Built/Renovated | 1986/2026 |
| Parking Ratio | 2.94/1,000 SF |
| No. Drive In / Grade-Level Doors | 1 |
| Zoning | C6 |
Amenities
- Signage
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Property Taxes
| Parcel Number | 0400-215-00-02-00-033-000 | Improvements Assessment | $2,119 CAD |
| Land Assessment | $6,084 CAD | Total Assessment | $8,203 CAD |
Property Taxes
Parcel Number
0400-215-00-02-00-033-000
Land Assessment
$6,084 CAD
Improvements Assessment
$2,119 CAD
Total Assessment
$8,203 CAD
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3064 Jericho Tpke - Splash Car Wash Sale-Leaseback
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