Description

This investment opportunity features a WhiteWater Express Car Wash property secured by an absolute triple-net (NNN) lease with more than 17 years remaining and backed by a corporate guaranty, providing long-term income stability with minimal landlord responsibilities. The lease includes 1.25% annual rental increases and multiple renewal options, creating built-in revenue growth over time. WhiteWater Express Car Wash operates approximately 140 locations across seven states and is recognized for its premium car wash services, which include tri-foam polish, wheel cleaning, rain repellent, tire shine, flash drying, and complimentary vacuum stations. The property is situated in a dense retail corridor within the Toledo trade area, benefiting from a daytime population of more than 188,125 people within a five-mile radius and average household incomes exceeding $108,000 within three miles of the site. Located directly across from a Walmart Supercenter and surrounded by numerous automobile dealerships, the property enjoys strong visibility and consistent customer traffic. Toledo, positioned at the western end of Lake Erie near the Michigan border, serves as a key regional economic center supported by major transportation routes including Interstate 75, Interstate 475, and the Ohio Turnpike, which contribute to the area's commercial activity and long-term growth prospects.