Enterprise rent-a-car

Description:

Cash flow on cruise control - turn-key, passive income with strong national tenant and long term lease in a prime Post Falls Opportunity Zone location. Potential long term tax incentives. Enterprise rent-a-car has just signed a 5-year lease, with four 5-year renewal options. This well-maintained asset was previously operating as a car wash. The automatic wash bay is being renovated into 576 SF of office space. A second building houses a 1,725 SF self-serve standard rack of 4 bay cat pumps with hot water, a champion air compressor and a boiler for floor heat. Long-term stability with a modified gross lease through August, 2030. Exceptional income potential with current rent at $3,250/month showing a 5.2% CAP. Offered at a price aligned with strong returns and long-term growth potential.