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RealSource Group has completed the $4.3-million pre-sale of a net-lease investment occupied by Mach-1 Express Car Wash in Huntsville, AL.

Investor Drives Off with $4M Single-Tenant, Net-Lease Car Wash in Huntsville

RealSource Group has completed the pre-sale of a new construction, single-tenant net-lease investment occupied by Mach-1 Express Car Wash at a new Publix grocery-anchored shopping center in Huntsville, AL. The sale price was $4.3 million.

Austin Blodgett of RealSource, in association with ParaSell, Inc., represented the seller, a private developer, and the buyer, a 1031 exchange private investor, in the off-market transaction.

“We expect that the demand for new single-tenant net-lease car washes will continue to be strong in 2022,” said Blodgett. “There is currently little on the market that can compare to the return on a brand-new construction express car wash with a new 20-year triple-net lease with a corporate guarantee and annual increases. Also, accelerated depreciation is always a driver for investors to purchase these sites, giving them tremendous tax advantages over other retail asset types.”

The 4,000-square-foot car wash was built on 0.91 acres situated on a pad to the Publix-anchored center.


Inside The Story

RealSource Group's Blodgett

About Lisa McDuffie

Lisa McDuffie arrives at ConnectCRE via REALTOR® world, where she served for nearly two decades as communications director for one of the nation’s largest REALTOR® organizations. She supported two membership-elected presidents who were commercial real estate practitioners, and managed the communications initiatives of the organization’s commercial special interest group. When not following the latest commercial real estate news, Lisa is zeroed in on her charismatic off-the-track thoroughbred as she makes the transition from an utterly failed racehorse to a lovely show hunter.

  • ◦Sale/Acquisition