Hamilton, OH - WhiteWater Express Car Wash

Description:

SRS National Net Lease is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in an absolute NNN leased, corporate signed, WhiteWater Express Car Wash investment property located in Hamilton, Ohio. The tenant, White Water Express Car Wash I, LLC has over 17 years remaining with 4
(5-year) option periods to extend, demonstrating their commitment to the site. The lease features annual 1.5% rental increases throughout the initial term and FMV increases at the beginning of each option period, steadily growing NOI and hedging against inflation. The lease is absolute NNN with zero landlord responsibilities making it an ideal, management-free investment opportunity for a passive investor.

The property is located near the signalized, hard corner intersection of State Highway 747 and Princeton Rd with a combined 38,300 vehicles passing by daily. State Highway 747, is a major retail thoroughfare serving the city of Hamilton. Additionally, the site is positioned just north of State Highway 129, an east/west travelling highway averaging 48,900 vehicles passing by daily. Furthermore, WhiteWater Express is located a few miles east of Bridgewater Falls, a 628,000 square foot power center with major tenants including Target, JCPenney, Dick’s Sporting Goods, T.J. Maxx, Michaels, Best Buy, and more. Moreover, the asset is situated east of Indian Springs Market Center, a 146,000 square foot shopping center anchored by Kohl’s and Urban Air Adventure Park. The property is in the center of a primary retail corridor with other nearby national/credit tenants including a Walmart Supercenter, The Home Depot, Hobby Lobby, Menards, Walgreens, and more, further increasing consumer traffic to the site. The 5-mile trade area is supported by a population of over 120,300 with an affluent average household income of $141,127.

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Listing ID: a28TP000001jB5BYAU