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    5756 W Central Ave Toledo, OH 43615

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    For Sale
    $4,860,000

    NNN leased car wash with corporate guarantee and annual increases.

    Property size:
    3,756 SF
    Lot size:
    0.94 Acres

    Property Features for 5756 W Central Ave

    General Information

    Size
    3,756 SF
    Lot size
    0.94 Acres

    Source: NNN Pro Group Agent Glen Kunofsky

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Established Car Wash Investment Property

    The property is a car wash facility subject to an absolute triple-net (NNN) lease with over 19 years of term remaining. The lease is subject to a corporate guarantee from White Water Express Car Wash, which has grown to over 100 locations throughout Texas, Oklahoma, Louisiana, Michigan, Ohio, and Kentucky. The lease features 1.25% annual rental increases. The property may qualify for 15-year accelerated depreciation as well as bonus depreciation; consult with a Certified Public Accountant for details. The property contains 3,756 square feet.
    Location Intelligence

    Current Use by Public Records

    Motornation Auto Sales Car Dealer

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Toledo
    County
    Wood
    State
    Ohio
    Longitude
    -83.6799315
    Latitude
    41.6766805

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    FAQs

    What type of property is this?
    Car wash - NNN leased car wash with corporate guarantee and annual increases.
    Where is this car wash located?
    The property is located at 5756 W Central Ave Toledo, OH.
    What is the asking price?
    The asking price for this property is $4,860,000.
    What are key features of this property?
    This property features: - Long-Term Absolute Triple Net (NNN) Lease with over 19 years remaining.; - Strong Corporate Guarantee from White Water Express Car Wash (100+ locations).; - Attractive 1.25% Annual Rental Increases.
    (332) 345-2408
    Request Owner's contact information
    5756 W Central Ave Toledo, OH 43615
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    5756 W Central Ave Toledo, OH 43615
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