6720 West 130th Street, Parma Heights, OH 44130

Listing Agency: SRS Real Estate Partners San Diego

Listed By: Greg LaBarre · License #CA 02069301 Show Phone

Source: Crexi

Added: Nov 3 Changed: Nov 8 Last Checked: Nov 8 at 2:41PM

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Investment Insights

Based on property information with market context.

The property is a WetGo express car wash featuring an automated operating format. The offering is for the leased fee interest, or ownership of the land, subject to an absolute NNN ground lease with a corporate guarantee from Giant Eagle, Inc.

The ground lease has a 20-year term, with approximately 17 years remaining. Rent increases by 10% every five years, including during the stated five-year option periods. The source describes six five-year options.

Key Highlights

• WetGo express car wash with an automated format
• Leased fee interest conveys ownership of the land
• Absolute NNN ground lease with a corporate guarantee from Giant Eagle, Inc.

Property Analytics

Current Use

Car washes

Suggested Use

Top Pick Building Supply Real Estate Agency Big Box & Wholesale Store Garden Center Storage Facility Parking Lot & Garage

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

756

Businesses Nearby

Explore this area Business Placement

Demographics for 44130, OH

50,825

Population

23,819

Households

2.1

Avg Household Size

45

Median Age

28%

College-Educated

92%

High-School Grad

17.1 sq mi

ZIP Area

2,972

Density / Sq Mi

$68,099

Median Household Income

$43,474

Median Earnings

$1,045

Median Rent

$184,900

Median Home Value

Market

Vacancy Rate% for Retail in Midwest region

8% 2020

7.3% 2021

6.5% 2022

6% 2023

5.7% 2024

6.3% 2025

Frequently Asked Questions

What type of property is this?

Car wash - The express-format facility operates under a corporate-guaranteed absolute NNN ground lease.

Where is this car wash located?

The property is located at 6720 West 130th Street Parma Heights, OH.

What is the asking price?

The asking price for this property is $1,852,000.

What are key features of this property?

This property features: WetGo express car wash with an automated format; Leased fee interest conveys ownership of the land; Absolute NNN ground lease with a corporate guarantee from Giant Eagle, Inc.