Caliber Car Wash 596 Fieldstown Rd

Investment Highlights

Long-Term, 20-Year Absolute Triple Net (NNN) Lease 2.00% Rental Increases Occurring Annually Approximately 19 Years Remaining

Executive Summary

The NNN Pro Group is pleased to present the exclusive listing for the Caliber Car Wash located at 596 Fieldstown Rd, Gardendale, AL 35071. The site will consist of roughly 3,648 rentable square feet of building space on estimated 1.15-acre parcel of land. The Caliber Car Wash is subject to an absolute triple-net (NNN) lease that commenced on 4/08/2022. The initial annual rent is $258,472 and is scheduled to increase by 2.00% annually throughout the base term and continuing through 3, 5-Year Options.

• Sale Type    Investment NNN
• Property Type    Retail
• Property Subtype    Fast Food
• Building Size    3,648
• Building Class    C
• Year Built    2001
• Price    3,773,000
• Price Per SF    1,034
• Cap Rate    6.85
• NOI    258,472
• Tenancy    Single
• Building Height    1 Story
• Building FAR    0.07
• Land Acres    1.15 AC

• Pylon Sign
• Drive Thru