Ground-Leased Car Wash
For Sale
Contact for pricing
8050 Arbor Square Dr, Mason, OH 45040
Ground lease through 2028 with tenant-responsible maintenance and two 10-year renewal options.
Property SizeContact for details
Days on Market121
Property Features for 8050 Arbor Square Dr
General Information
Standard status
Active
Property subtype
Retail, Special Purpose
Financials
Cap Rate
6.25%
Business Included
Yes
Additional Details
Traffic Count
35,030 vehicles/day
Listing Agency:
State Street Capital Realty / Casto
Listed By:
Stephanie May-Beaumier · License #BRKP.2022006218
Source:
Crexi
Added: Apr 11
Changed: Aug 8
Last Checked: Jul 20 at 7:12PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of State Street Capital Realty / Casto
Investment Insights
Based on property information with market context.
This Pro-Clean car wash and detailing property is offered under a ground lease with term through 2028, with two additional 10-year renewal options. The lease provides for rental increases every five years, and the next scheduled rental increase is noted for July 2023. The adjusted cap rate is provided as 6.25%. Because this is a ground lease, the tenant is responsible for all maintenance of the premises.
The site is described as an outparcel to the Arbor Square Shopping Center at 8050 Arbor Square Dr in Mason, Ohio. Arbor Square is listed as a 117,298 SF center anchored by Kroger, Jo-Ann, and Petsmart.
The property is also described as located just north of Procter & Gamble’s Mason Business Center, identified in the remarks as its largest R&D center in the world. Traffic counts listed for the surrounding area include 35,030 on Mason-Montgomery Road, 10,000 on Socialville-Foster Road, and 91,624 on I-71. The remarks further cite estimated demographics of 155,900 population and 61,300+ households within five miles, along with 102,800+ employees within five miles.
The site is described as an outparcel to the Arbor Square Shopping Center at 8050 Arbor Square Dr in Mason, Ohio. Arbor Square is listed as a 117,298 SF center anchored by Kroger, Jo-Ann, and Petsmart.
The property is also described as located just north of Procter & Gamble’s Mason Business Center, identified in the remarks as its largest R&D center in the world. Traffic counts listed for the surrounding area include 35,030 on Mason-Montgomery Road, 10,000 on Socialville-Foster Road, and 91,624 on I-71. The remarks further cite estimated demographics of 155,900 population and 61,300+ households within five miles, along with 102,800+ employees within five miles.
Key Highlights
- Ground lease with 8 years remaining through 2028, plus two 10‑year renewal options
- Rental increases occur every 5 years; next rental increase is July 2023 (adjusted cap rate 6.25%)
- Tenant is responsible for all maintenance obligations under this ground lease
Property Analytics
Current Use
Lease Details
35,030 VPD
Traffic count
Turnkey business
Opportunity
Location Intelligence
Trade Area within ½ mile
727
Businesses Nearby
234k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 43%
Groceries 28%
Dining 26%
Beauty & Spa 2%
Kroger
Groceries
66,136 visits/mo
0.3 miles
Kroger Fuel Center
Shops & Services
27,457 visits/mo
0.3 miles
McDonald's
Dining
23,565 visits/mo
0.2 miles
Jo-Ann Fabric and Craft
Shops & Services
19,902 visits/mo
0.1 miles
Half Price Books
Shops & Services
16,234 visits/mo
0.2 miles
Demographics for 45040, OH
57,153
Population
21,977
Households
2.6
Avg Household Size
40
Median Age
65%
College-Educated
98%
High-School Grad
28.5 sq mi
ZIP Area
2,005
Density / Sq Mi
$131,803
Median Household Income
$68,422
Median Earnings
$1,691
Median Rent
$403,700
Median Home Value
Market
Vacancy Rate% for Retail in Midwest region
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Frequently Asked Questions
What type of property is this?
Car wash - Ground lease through 2028 with tenant-responsible maintenance and two 10-year renewal options.
Where is this car wash located?
The property is located at 8050 Arbor Square Dr Mason, OH.
What are key features of this property?
This property features: Ground lease with 8 years remaining through 2028, plus two 10‑year renewal options; Rental increases occur every 5 years; next rental increase is July 2023 (adjusted cap rate 6.25%); Tenant is responsible for all maintenance obligations under this ground lease
