104 Harris Pl Eden, NC 27288

This exceptional investment opportunity presents a newly constructed, 3,745 square foot, single-tenant car wash in Eden, North Carolina. The property boasts a 20-year NNN lease with a 1.5% annual rent increase, commencing April 17, 2023, and expiring April 17, 2043. The tenant, ModWash, operates over 100 locations across 10 states and is experiencing significant growth. Located on a hard corner, signalized intersection with high visibility (26,000+ vehicles per day), the car wash is situated in a thriving retail area anchored by Food Lion and Tractor Supply Co. Nearby retailers include Walmart, CVS, and numerous fast-food and automotive businesses. The property offers a strong 6.50% cap rate and a substantial net operating income (NOI) of $336,242. The asking price is $5,175,000, translating to $1,381.84 per square foot. The 0.89-acre lot provides ample space for the fully automated car wash. This asset is ideal for a 1031 exchange or an investor seeking long-term, inflation-resistant income with minimal landlord responsibilities. The property benefits from a strong local economy and a high household income ($75,397). The tenant's proven track record, coupled with the strategic location and lease terms, makes this a compelling investment opportunity.