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1040 E 23rd St
Lawrence, KS 66046 South Lawrence

$5,090,000 USD

Carwash For Sale  •  4,473 SF

Property Details

• Property Type Carwash
• Total Building Size 5,108 SF
• Lot Size 1.19 AC
• Building Class B
• Year Built 2016
• Cap Rate 6.00 %

30 Transit Score

40 Walk Score

Highlights

Single-Tenant Corporate Guaranteed Club Car Wash: 20-year absolute NNN lease with zero landlord responsibilities; 19 years remaining

Corporate guaranteed lease

1.75% annual rent increases throughout initial term

High performing location with seasoned express car wash operator

Extremely strong EBITDAR to rent coverage ratio (contact broker for more information)

Headquartered in the Midwest, the company operates 200+ locations with 50 additional sites currently under development

Cap Rate:

6.00 %

Major Tenants

Tenant	SF Occupied	Lease End Date
Club Car Wash