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4934 Water Tower Blvd - WhiteWater Express Car Wash | 17yr Abs NNN 3,335 SF Specialty Building Offered at $5,875,625 CAD at a 6.15% Cap Rate in Liberty Twp, OH 45011
INVESTMENT HIGHLIGHTS
- Over 17 Years Remaining | Corporate Signed | Scheduled Rental Increases
- Bridgewater Falls (628,000 SF) | State Highway 129 (48,900 VPD) |Indian Springs Market Center (146,000 SF) | Primary Retail Corridor
- Absolute NNN | Fee Simple Ownership | Zero Landlord Responsibilities
- Strong Demographics in 5-Mile Trade Area | Six-Figure Incomes
EXECUTIVE SUMMARY
SRS National Net Lease is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in an absolute NNN leased, corporate signed, WhiteWater Express Car Wash investment property located in Hamilton, Ohio. The tenant, White Water Express Car Wash I, LLC has over 17 years remaining with 4
(5-year) option periods to extend, demonstrating their commitment to the site. The lease features annual 1.5% rental increases throughout the initial term and FMV increases at the beginning of each option period, steadily growing NOI and hedging against inflation. The lease is absolute NNN with zero landlord responsibilities making it an ideal, management-free investment opportunity for a passive investor.
(5-year) option periods to extend, demonstrating their commitment to the site. The lease features annual 1.5% rental increases throughout the initial term and FMV increases at the beginning of each option period, steadily growing NOI and hedging against inflation. The lease is absolute NNN with zero landlord responsibilities making it an ideal, management-free investment opportunity for a passive investor.
PROPERTY FACTS
| Price | $5,875,625 CAD | Building Class | B |
| Price Per SF | $1,481.13 CAD | Lot Size | 1.07 AC |
| Sale Type | Investment | Building Size | 3,967 SF |
| Cap Rate | 6.15% | No. Stories | 1 |
| Property Type | Specialty | Year Built | 2022 |
| Property Subtype | Car Wash | Parking Ratio | 6.05/1,000 SF |
| Price | $5,875,625 CAD |
| Price Per SF | $1,481.13 CAD |
| Sale Type | Investment |
| Cap Rate | 6.15% |
| Property Type | Specialty |
| Property Subtype | Car Wash |
| Building Class | B |
| Lot Size | 1.07 AC |
| Building Size | 3,967 SF |
| No. Stories | 1 |
| Year Built | 2022 |
| Parking Ratio | 6.05/1,000 SF |
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PROPERTY TAXES
| Parcel Number | D2050-029-000-056 | Improvements Assessment | $0 CAD |
| Land Assessment | $34,533 CAD | Total Assessment | $34,533 CAD |
PROPERTY TAXES
Parcel Number
D2050-029-000-056
Land Assessment
$34,533 CAD
Improvements Assessment
$0 CAD
Total Assessment
$34,533 CAD
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4934 Water Tower Blvd - WhiteWater Express Car Wash | 17yr Abs NNN
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