Contact Property

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
DETROIT, MI is the seat of Wayne County. The metropolitan area, known as Metro Detroit, is home to approximately 4.3 million people, making it the second largest in the Midwest. The Detroit MSA is the 14th largest in the U.S. The city of Detroit has a population of 639,111 people. It is a major port on the Detroit River, which is one of the four major straits connecting the Great Lakes to the Saint Lawrence Seaway. Detroit is known for its economy, music & arts, and strong city pride of their sports teams. The “Big Three” automobile manufacturers are all headquartered in Metro Detroit. These three are General Motors, Stellantis North America (Chrysler), and Ford. 296,000 of the jobs in Detroit involve some sort of manufacturing. Other major employers in downtown Detroit include Comerica, Fifth Third Bank, HP Enterprise, Deloitte, and KPMG. Live music has been such a big part of Detroit since the “Motown” era of the American 1940’s. The largest concerts in the city are held at DTE Energy Music Theatre. Large festivals held in downtown include the Detroit International Jazz Festival, the Motor City Music Conference, and the Detroit Electronic Music Festival. Along with live music, the performing arts have been a big part of the city throughout the last century. People from all over the country come to see performances at the Fox Theatre, the Masonic Temple Theatre, the Detroit Opera House, and The Fillmore Detroit. Detroit Metropolitan Wayne County Airport, usually called Detroit Metro Airport, Metro Airport, or simply DTW, is a major international airport. It is the primary international airport serving Detroit and is Michigan’s busiest airport. The airport is a major hub for Delta Air Lines and is also a base for Spirit Airlines. Detroit serves as Delta’s main gateway to Asia for the Eastern United States. The airport has service to 30 international destinations and service to 39 states across the United States. It’s the 18th busiest airport in the U.S. Detroit is home to the Detroit Tigers (MLB), the Detroit Lions (NFL), the Detroit Pistons (NBA), and the Detroit Red Wings (NHL).
read more read less

Want more info on this listing?

Reach out to the broker for more info on lease terms and amenities

Location

  • Walk Score ® Car-Dependent (46)
  • Bike Score ® Somewhat Bikeable (48)
Powered by Walk Score ®
  • City Coldwater, MI
  • Neighborhood Batavia
  • Zip Code 49036

Points of Interest

Speedway

0.09 miles

Citgo

0.30 miles

Speedway

0.47 miles

Meijer

0.53 miles

Citgo

1.43 miles

ChargePoint

1.78 miles

CountryMark

2.18 miles

Citgo

3.12 miles

Sunoco

3.78 miles

Citgo

4.46 miles

truck parking

6.16 miles

car parking

6.16 miles

Taco Bell

0.30 miles

KFC

0.33 miles

Culver's

0.60 miles

Coldwater Garden Family Restaurant

0.65 miles

Subway

0.72 miles

Burger King

0.75 miles

Arby's

0.75 miles

McDonald's

0.79 miles

Jeanie's Dinner

1.63 miles

McDonald's

3.82 miles

Kellogg Community College-Grahl Center

1.45 miles

Roosevelt Junior High School

1.70 miles

Coldwater High School

2.33 miles

Maple Grove School

3.85 miles

Quincy Middle School

4.64 miles

Quincy High School

4.72 miles

Lakeland School

5.45 miles

School Number 6

8.31 miles

Moore School

9.26 miles

Sisco School

9.57 miles

Contacts

broker

Michael Matusik

Prime Net Lease

(714) 874-4004

Highlights

  • 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.

Attachments

Contact Listing Broker

broker

Michael Matusik

Prime Net Lease

(714) 874-4004

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.