1905 Main St Centre, AL 35960

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.