Bristol Co - Platinum Express Car Wash

Description:

New 20-Year Lease | Options To Extend |
Scheduled 10% Rent Increases
The tenant recently signed a brand-new 20-year lease, featuring four (4) additional 5-year renewal options, demonstrating long-term commitment to the site
Scheduled 10% rent increases every five years enhance long-term NOI growth and provide a built-in hedge against inflation

2025 Construction | Absolute NNN Ground Lease
Constructed in 2025 with modern design, materials, and systems, the property offers contemporary aesthetics and operational efficiency consistent with today’s retail development standards
The lease is structured as an absolute NNN ground lease, with the tenant responsible for CAM, taxes, insurance, and all maintenance of the premises
This zero-responsibility structure makes the asset an ideal, management-free investment for out-of-state or passive investors

Strong Brand | Commitment To Site
Platinum Express Car Wash is a strong tenant for high-traffic pad sites, with multiple locations in Connecticut
Investment in permanent infrastructure (e.g., wash tunnels, oil bays) further suggests long-term tenancy and minimal turnover risk
The recurring revenue model through their Unlimited Wash Club adds financial stability, while their site preferences—high visibility, easy access, and retail corridor proximity—align well with investor and developer priorities

Excellent Frontage & Visbility
Strong frontage on Farmington Avenue / U.S. Highway 6 with over 23,000 cars passing the site every day
Outstanding visibility in one of Bristol’s most heavily trafficked retail corridors

Proximity To Community Anchors
Less than 1.5 miles from St. Paul Catholic High School (~420 students) and Bristol Eastern High School (~1,100 students)
Strong access to local schools and community institutions supports repeat visits and reliable day-to-day traffic