Splash Car Wash NNN Property For Sale — Cortland, NY
Cortland, NY
Splash Car Wash express car wash in Cortland, NY. Sale-Leaseback offering with 20 years of lease term remaining. Tenant operates 80+ Locations. Rent increases 1.5% annually; renewal options: (4) 5-Year. Reported EBITDAR/rent coverage: 3.5x. Remodeled in 2022. Year-end depreciation: some buyers consider car-wash properties when planning year-end depreciation. Eligibility, timing and any tax benefit depend on your own circumstances and current tax law, and are not guaranteed. Please consult a qualified tax professional before relying on any depreciation strategy.
- Address: Cortland, NY
- Asking price $3.05M
- 5.90% cap rate
- NOI $179,952
- 20 years remaining
- NNN lease
- Guarantor: Corporate
- Renewal options: (4) 5-Year
Location
This Splash Car Wash property is in Cortland, New York.
Asset type: Car Wash