121 Riv Bnd Dr Granite Falls, NC 28630-9371

This exceptional investment opportunity presents a Caliber Car Wash located at 121 River Bend Dr, Granite Falls, NC 28630. The property boasts 4,332 square feet on a 1.5-acre lot, built in 2022. The property is subject to a 20-year Triple Net (NNN) lease, commencing December 29, 2022, and expiring December 31, 2042, leaving over 18 years remaining. The current annual net operating income (NOI) is $330,999, with a 7.00% cap rate and an asking price of $4,728,557. The lease includes annual rent increases of 2.00%, providing consistent growth. A corporate guarantee from Clydesdale Holdings LLC, operating 57 locations nationwide, ensures financial stability. The lease further includes four, 5-year renewal options, extending the potential lease term for an additional 20 years. This property is 100% occupied and qualifies for 15-year accelerated depreciation and bonus depreciation. This is a strong, long-term investment with minimal landlord responsibilities and significant upside potential. Consult with a qualified professional for tax implications.