Automotive Services Sale Leaseback

Providence, RI MSA
Deal Type:
Sale Leaseback
Cap Rate:
Current Rent:
Lease Type:
Triple Net
Lease Term:
15 years
Landlord Responsibilities:
Renewal Options:
Four, 5-Year
Building Sq. Ft.:
9,921 SF
Rent Increases:
2.00% Annual
Site Size:
.68 Acres
  • industrial sale leaseback stream capital partners
  • industrial sale leaseback stream capital partners

Investment Highlights

  • Long term absolute triple net lease with annual escalations
  • Strong tenant financial profile with a 65% adjusted EBITDA margin
  • Healthy EBITDAR/rent coverage ratio at ~4.0x
  • Mission critical property located in the desirable Bristol County market
  • This asset qualifies for bonus depreciation
  • Significant growth potential for the car wash industry with a 5.7% CAGR projected through 2030 (~$24B TAM)

Listing Agents

Krupa Shah

Managing Director
646 734 4188
[email protected]

Daniel Macks

Managing Director
847 420 2116
[email protected]

Broker of Record: Brian Brockman, Bang Realty, Inc | MA License: #1000169


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