WhiteWater Express Listing Details & Market Data
360 N Willowbrook Road, Coldwater, MI 49036
- For Sale $4,590,909
- Property Type Other
- Property Size 4,620 SF
- Lot Size 0.76 Acre
- Property Tenancy Single Tenant
- Year Built 2002
- Year Renovated 2022
- Date Updated Nov 24, 2022
Want more info on this listing?
Reach out to the broker for more info on lease terms and amenities
- Walk Score ® Car-Dependent (46)
- Bike Score ® Somewhat Bikeable (48)
- City Coldwater, MI
- Neighborhood Batavia
- Zip Code 49036
Points of Interest
Coldwater Garden Family Restaurant
Kellogg Community College-Grahl Center
Roosevelt Junior High School
Coldwater High School
Maple Grove School
Quincy Middle School
Quincy High School
School Number 6
Prime Net Lease
- LONG TERM LEASE - The subject property has 19 years remaining on the initial term of a Corporate Absolute NNN Lease.
- 100% BONUS DEPRECIATION - Fee simple ownership of a Car Wash provides the landlord the opportunity to use accelerated Bonus depreciation model. Consulting your Accountant or Tax Attorney is advised.
- EXCELLENT VISIBILITY - Site is visible from Interstate 69 with 20,500 Vehicles Per Day and 20,640 Vehicles Per Day on Chicago Street
- RENTAL INCREASES - 1% Annual Rental increases throughout the base term gives the investor the ability to hedge against inflation.
- Excellent Demographics/ Traffic- There are over 240,000 residents within a 5-mile radius of the property, with an average household income upwards of $105,000 annually.
- STRONG CORPORATE GUARANTOR - 100+ Locations by the end of 2022 backed by over 50 years of combined car wash experience between managing partners and Private Equity backed by Freeman Spogli & Co, a multi-billion dollar firm.
- ZERO LANDLORD RESPONSIBILITIES - Absolute NNN Lease. Ideal for Investors not Local to the Market or looking for a "hands o?" investment. Tenant responsible for all taxes, insurance, and maintenance including roof, structure, and parking lot.
Contact Listing Broker
Prime Net Lease