1611 Schofield Ave Weston, WI 54476-2356

Property Details for 1611 Schofield Ave

Lot size

1.06 lot acres

Zone code

B-2

Property type

Commercial real estate

APN

192-2808-183-0005

APU

19228081830005

Description

Exceptional investment opportunity: a fee-simple Tommy's Express Car Wash in Schofield, Wisconsin. This 4,010 square foot facility sits on a 1.06-acre lot and boasts a brand-new 20-year absolute NNN lease with a corporate guarantee. The lease features 1.75% annual rent escalations throughout the base term and each of the six, 5-year extension options, ensuring consistent income growth. The property enjoys a prime location with high visibility and traffic volume exceeding 30,000 vehicles per day, providing excellent access to major highways. Built in 2020, the car wash currently operates at 100% occupancy, generating a strong net operating income (NOI) of $400,000 and a 7.50% capitalization rate. This is a rare opportunity to acquire a high-performing asset within a rapidly expanding national car wash franchise with over 200 locations and international expansion plans. The property's strong performance is further enhanced by recently implemented price increases and outstanding membership revenues. The sale-leaseback structure offers significant tax advantages, including eligibility for accelerated depreciation and 60% bonus depreciation (consult a tax professional for details). This is an ideal investment for those seeking stable, long-term income with significant upside potential in a resilient industry.