1905 Main St Centre, AL 35960
- Specialty properties
- 3,285 SF
- 0.99 lot acres
Current Use by Public Records
- Cherokee EMS Office / Corporate Office
- Take 5 Car Wash / Car Wash
- Car Wash USA Express / Car Wash
Property Details for 1905 Main St
- Year built
- 2012
- Lot size
- 0.99 lot acres
- Property size
- 3,285 SF
- Property type
- Specialty properties
- Property subtype
- Car washes
Description
This exceptional investment opportunity presents a 3,285 square foot Take 5 Car Wash located at 1905 W Main St, Centre, Alabama, 35960. Situated on a 0.99-acre lot, the property boasts a strong 5.80% cap rate and a substantial net operating income (NOI) of $63,541. The property is subject to a 20-year Triple Net (NNN) lease, commencing September 30, 2019, and expiring September 30, 2039, leaving a remaining lease term of approximately 14.9 years. The lease includes a corporate guarantee and features annual rent increases of 1.50%, ensuring consistent income growth. Built in 2012, this 100% occupied car wash offers a secure investment with a price per square foot of $333.50 and an asking price of $1,095,534. The property's location in Cherokee County, Alabama, provides excellent visibility and accessibility. This is a rare chance to acquire a high-performing, established car wash with a long-term, secure lease. The investment is further strengthened by the corporate guarantee provided. This is a turnkey investment opportunity with significant upside potential.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Centre
- County
- Cherokee
- State
- Alabama
- Longitude
- -85.7132
- Latitude
- 34.1597
