• The tenant, Caliber Car Wash, is an experienced car wash operator with 17 locations in five different states throughout the Southeast

• Caliber Car Wash has recently executed a brand new 20-year lease with 4 (5-year) options to extend, demonstrating their long-term commitment to the site

• Recent investment from an Atlanta-based private equity firm called Eagle Merchant Partners, which focuses on consumer and industrial investments, click here to read more

• The lease features 1.50% annual rental increases, generating NOI, hedging against inflation, and increasing cap rate

Location

• Caliber Car Wash is strategically fronting Market Street, a retail and commuter thoroughfare averaging 47,000 vehicles passing by daily

• Subject property is surrounded by shopping centers such as Ogden Market Place, Ogden Plaza, and Ogden Village Center

• Nearby national/credit tenants include Publix, Ashley HomeStore, Big Lots, and more

• Brand new construction with state-of-the art design and features

• The site benefits from significant street frontage and ease of access, providing convenience for customers

• More than 101,000 residents and 55,000 employees support the trade area

• Features an average household income of $80,986