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
This asset qualifies for 100% bonus depreciation within the first year
Tenant pays for CAM, taxes, insurance and maintains all aspects of the premises
No landlord responsibilities
Ideal, management-free investment for a passive investor
Location
Caliber Car Wash is strategically fronting Chamblee Tucker Road, a retail and commuter thoroughfare serving the immediate trade area
Directly off Interstate 85 (222,000 VPD), a primary Interstate-Highway along the east coast
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 93,000 residents and 47,000 employees support the trade area
Features an average household income of $61,017
