September 6, 2019 – Brian Ahrens of Horvath & Tremblay has successfully completed the sale of two Tiger Express Car Washes in Sedalia and Farmington, MO. Horvath & Tremblay procured the buyer to complete the transactions at a sale price of $5,281,437 for both properties.
The Single Tenant Car Washes located at 4211 Wisconsin Avenue in Sedalia, MO and 200 Maple Street in Farmington, MO have long-term leases with option periods and increases in the rents. Sedalia consists of 5,218 square feet on 1.26 acres of land and has a corporately guaranteed 20-Year Lease with Four 5-Year Options with 2% rental increases annually throughout the base term and option periods. The Farmington location consists of 5,048 square feet and has a corporately guaranteed 18-Year Lease with Four 5-Year Options with 2% annual rental increases throughout the base term and option periods. The properties are well located. Combined, the buildings consist of 10,266 square feet and are well located in their communities. Both locations are fully Automated Express Wash Locations featuring state of the art equipment and requiring minimal overhead while benefitting from strong locations within their communities.
Horvath & Tremblay is one of the most active and successful Investment Real Estate Brokerage firms in the United States. Our advisors specialize in the sale of single tenant net-lease assets and retail shopping centers. They have experience successfully structuring sale lease-back programs, portfolio dispositions, and 1031 exchanges. Horvath & Tremblay is dedicated to being the best source of information and expertise in the marketplace for private investors, developers, institutions, and industry professionals.