Entity Owned Property summary
This exceptional investment opportunity presents a fee-simple interest in a thriving WhiteWater Express Car Wash located at 52700 Gratiot Ave, New Baltimore, MI 48051. The 8,726 square foot facility, built in 1998 and renovated in 2022, sits on a 2.61-acre lot with excellent visibility from I-94 and Gratiot Avenue (57,200 and 20,000 vehicles per day respectively). Currently operating under a 20-year Absolute NNN lease (commencing December 31, 2021, and expiring December 31, 2041), with 17.1… years remaining, this property offers significant long-term stability. The lease includes a corporate guarantee from a reputable operator with 100+ locations and a strong financial backing. Annual rent bumps of 1% provide inflation protection. The asking price is $4,250,417, representing a 6.00% cap rate and a price per square foot of $487.10. The property boasts a Net Operating Income (NOI) of $255,025 and features four, 5-year lease options. The tenant is responsible for all taxes, insurance, and maintenance, making this an ideal hands-off investment. Surrounding national retailers include 7-Eleven, CVS, Target, and many more, ensuring high traffic and visibility. This car wash offers high-quality services, including express washes with various add-ons and free vacuums. The opportunity to utilize bonus depreciation further enhances the investment appeal.
Ownership intelligence
Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. In the full report.
Owner contacts
Skip-traced phones and e-mails of the owner. Included with the full report.
Mortgages
Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.
Property tax · 2022
Value estimate
· Sep 2026Realmo valuation models over county records and 5 qualifying comparable sales.
Recently sold
Cap rate analysis
No income signal is modeled for this parcel yet — the Cap Rates tab runs the workflow.
Zoning insight
Location intelligence
Demand index: how under-served this business type is around this point — modeled from the LocInt grid (area demand vs. what already operates, adjusted by real visit traffic). Higher means stronger unmet demand.
Location
Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.
Comparables
4 recorded sales · 6 properties nearbyComparable nearby
Instant AI valuation built from comps, income signals, and proprietary benchmarks.A defensible range, not a single guess.
from $99/month
- GBA
- 9,144 SF
- Lot area
- 2.61 ac
- Year built
- 1998
- Stories
- 1
- APN
- 15-09-17-227-011
- Zoning
- C3 GEN
- Assessed value · 2023
- $556,500
- Annual tax · 2022
- $26,892
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $99/month
Price sensitivity
The rate is the decision lever; valuation is the consequence.
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
Phones and e-mails of the people behind this property's owner, traced from licensed contact data.
Owner phones and e-mails come with the full report for this property - traced from licensed contact data, with verification and Do-Not-Call flags on every number.
Unlock the evidence behind ownership: portfolio, transactions, debt and any signals we can model, to help you decide who to contact next.
Registration is required before any owner information is shown.
The mortgage data is behind the paid report: recorded loans of the owner - lender, amount, rate and the estimated maturity - as part of the Ownership Intelligence workspace.
Registration is required before any owner information is shown.
- Ownership
- Owner Contacts
- Full Property Data
- Historical Records
- Value Estimation
- NOI Potential
- Cap Rate Calculation
- Location Insight
- Alternative use
- Local Zoning Insight
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- Alternative use
- Local Zoning Insight
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- Local Zoning Insight
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- Full Property Data
- Historical Records
- Value Estimation
- NOI Potential
- Cap Rate Calculation
- Location Insight
- Alternative use
- Local Zoning Insight
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