Mod Wash Express Car Wash - 20 Yr. NNN

The Snyder Carlton National Net Lease Team is pleased to offer to investors an opportunity to purchase a newly constructed single tenant absolute NNN leased asset that is fully occupied by ModWash in Eden, NC. With a 20 year primary term, which commences at close of escrow, six 5-year option periods, and 1.5% annual rent increases throughout the lease, this is an ideal asset for a 1031 exchange or an investor looking for years of inflation resistant income with zero landlord responsibilities. ModWash Operates over 80 car washes in 9 states with several dozen more currently in development. The fully automated car wash is an outparcel to the Eden Center with Food Lion and Tractor Supply Co. as anchors and is located on the hard corner signalized intersection of S Van Buren Road/U.S. Route 311 (26,000+ VPD) and E Harris Place. Strategically positioned along the main retail corridor of Eden, nearby retailers include Walmart Supercenter, CVS, Wells Fargo, McDonald’s, Taco Bell, Arby’s, Burger King, and more. Additionally, several automotive oriented retailers are within the immediate vicinity which include Tri-City Ford, Chevrolet, GMC, Chrysler, Jeep, Dodge, and Kia, O’Reilly Auto Parts, and Advance Auto Parts.