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Get In TouchMighty Shine Express Car Wash | Beckley, WV
Mighty Shine Express Car Wash
4081 Robert C Byrd Drive, Beckley, WV, 25801, USA
Sands Investment Group is Pleased to Present Exclusively For Sale the 2,500 SF Mighty Shine Express Car Wash NNN Asset Located at 4081 Robert C Byrd Drive in Beckley, WV. This Deal Includes an New 20-Year Triple Net Lease to Begin at the Close of Escrow and 10% Increases Every 5 Years Provides Investors With a Built-in Hedge Against Inflation, Providing For a Unique Investment.
- Strategically Located in a High-Density Retail Corridor of Beckley, WV With Close Proximity to Walmart Supercenter, Several Car Dealerships, Shopping Centers, and a Mall That See Traffic Counts Exceeding 36,147 VPD
- 10% Increases Every 5 Years Provides Investors With a Built-In Hedge Against Inflation
- New 20-Year Triple Net Lease to Begin at the Close of Escrow
- The City is the Regional Hub For Over 100,000 Southern West Virginia Residents; It is the Ninth-Largest City in West Virginia and is Known For Its Woodlands and Close Proximity to Several National Parks
- Beckley is One Hour South of Charleston WV Along I-64 and Just 6-Miles From the New River Gorge National Park and Preserve
- Nearby Tenants Include: Goodwill, Tractor Supply, Cheddars, Olive Garden, O’Reilly Auto Parts, Dunkin’, Wendy’s, Texas Roadhouse, ALDI, USPS, McDonald’s, Dollar Tree, Staples, Walmart Supercenter, Panera Bread, and Many More
- Strong Demographics With a Population of 27,786 Residents Making an Average Household Income of $67,019 Within a 3-Mile Radius
- Property Qualifies For Accelerated Depreciation and Bonus Depreciation (Consult an Accountant)
In Cooperation With Sands Investment Group West Virginia, LLC – Lic. #010212-00 BoR: Tom Gorman – Lic. WV #WVB23030087
Mighty Shine Express Car Wash
4081 Robert C Byrd Drive, Beckley, WV, 25801, USA
MIGHTY SHINE CAR WASH
Mighty Shine Express Car Washes are the premier car washing brand in West Virginia. They are locally owned and operated — not some big fancy company. Maybe it’s the logo, or how they act ultraprofessionally, but they are bringing big-town conveniences to small-town West Virginia families. Operating at over 60 cars per hour, they feature monthly unlimited wash plans and free vacuums and mat cleaners with purchase. They set out to combine their skill sets and build a car wash experience with lights, smells, and color, as well as an overall shiny, clean car.
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Price
$3,310,345
Cap Rate
7.25%
PREMISES
2,500 SF
RENEWAL OPTIONS
5 x 5 Years
Lease Expiration
20 Years From Close of Escrow
Lease Type
NNN
RENTAL INCREASES
10% Every 5 Years
BROKERS
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To receive access to this OM, please review and sign our confidentiality agreement:
Sands Investment Group (“Broker”) is presenting for sale the Subject Property (“Property”) referenced above, by the Property’s owner (the “Owner”). Our agreement with the Owner requires that we obtain a Non-Disclosure before disclosing the name and location of his/her location of his/her business. The undersigned (“Recipients”) hereby acknowledge and agree that certain confidential information that has been or may be disclosed is intended solely for Recipients’ limited use in considering whether to pursue negotiations to acquire the Property.
Neither the Owner of the Property nor Broker or any of their respective officers, employees or agents, make any representation or warranty, expressed or implied, as to the accuracy or completeness of this confidential information and no legal liability is assumed or shall be implied with respect thereto. Information provided has been or will be gathered from sources that are deemed reliable; however, neither Owner nor Broker warrants or represents that the information is true or correct. Recipients are advised to verify information independently. Owner and/or Broker reserve(s) the right to change the Property’s purchase price, or any Property or market information provided, or to withdraw the Property from the market at any time without notice.
Recipients agree that the information provided by Broker is confidential and as such, agrees to hold and treat such information in the strictest of confidence. In addition, Recipients agree not to disclose, directly or indirectly, or permit anyone else to disclose this information to any person, firm or entity without prior written authorization of Owner or Broker and not use, or permit to be used this information in any fashion or manner detrimental to the interests of Owner or Broker. Photocopying or other duplication of such confidential information is strictly prohibited. Recipients agree not to contact the Property’s tenant(s), leasing brokers, or property management staff in connection with Recipients’ review of the Property or confidential information. IN ADDITION, THE CONFIDENTIAL INFORMATION SHALL NOT BE DEEMED AS REPRESENTATIVE OF THE STATE OF AFFAIRS OF THE PROPERTY OR CONSTITUTE AN INDICATION THAT THERE HAS BEEN NO CHANGE IN THE BUSINESS OR AFFAIRS OF THE PROPERTY SINCE THE DATE OR PREPARATION OF THE OFFERING MEMORANDUM.
While Owner and/or Broker may discuss the purchase and sale of the Property with Recipients, either Owner or Broker, in our sole and absolute discretion, may terminate sale discussions at any time and for any reason. Recipients acknowledge that neither Owner nor Broker has any obligation to discuss or agree to the sale of the Property. The acquisition discussions may be lengthy and complex. Notwithstanding that the parties may reach one or more oral understandings or agreements on one or more issues, neither of the parties shall be bound by any oral agreement of any kind, and no rights, claims, obligations or liabilities of any kind, either expressed or implied, shall arise or exist in favor of or be binding upon either Owner or Broker except to the extent expressly set out in a written agreement signed by both Owner and Broker.
This letter will further confirm that Recipients understand that Broker is presenting the information on the above-referenced Property and that Recipients agree that all initial correspondence and agreements pertaining to the opportunities and subsequent purchase shall be submitted through Agent. Prospective Buyer shall not contact the Owner directly unless given written permission by Agent or act either directly, indirectly, through any third parties including affiliates, other clients or other brokers to circumvent the purpose of this Agreement.
The term of this Agreement is for one (1) year from the date below, which shall be automatically extended through any ongoing negotiations, escrow periods or closing of any purchase and sales transaction(s) for the opportunity entered into by Prospective Buyer or its affiliates during the term hereof.
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