5762 Central Ave Toledo, OH 43615-1445

This exceptional investment opportunity presents a 3,756 square foot WhiteWater Express Car Wash located at 5762 Central Ave, Toledo, OH 43615. The property sits on a 0.93-acre lot and is currently operating at 100% occupancy under a 20-year NNN lease, commencing December 1, 2023, and expiring November 30, 2043. With 19 years remaining, this lease provides significant long-term stability and income generation. The current annual net operating income (NOI) is $303,750, representing a 6.25% capitalization rate. The lease includes annual rental increases of 1.25%, providing a hedge against inflation. Further enhancing the investment's security is a corporate guarantee from WhiteWater Express Car Wash, a company with over 100 locations across multiple states. Built in 2023, this property is eligible for 15-year accelerated depreciation and bonus depreciation, offering potential tax advantages. This is a rare opportunity to acquire a high-performing, well-located car wash with a strong tenant and a substantial remaining lease term. The property's strong financials, coupled with the long-term lease and corporate guarantee, make it an attractive investment for discerning buyers seeking stable, passive income. This is a turnkey investment with minimal management requirements.