NNN Leased Castrol Clean & Lube Cincinnati

*The SVN Colvin Team and Easy Leasebacks present this NNN Leased Investment Property located in the growing northern Cincinnati suburb of Mt. Healthy. The Absolute Triple Net Lease with “Clean and Lube Inc.” is for 15 years with 1.5% annual rent increases during the base term and the two 15-year renewal periods. Clean and Lube Incorporated, teamed with Castrol Oil Inc., operates oil change/car wash combination businesses. Clean and Lube is opening 15 Midwest locations this fall/winter with plans to expand to over 100 locations in the next three years. This busy car wash has 2 New Oil Change Bays, 2 Self-Serve Wash Bays, a Drive Through Automatic Wash and the office for the Midwest Regional Corporate Headquarters of Clean & Lube Inc. The renovation has just been completed and the opening is scheduled for early December. We have a recent clean phase 1 report and a recent survey, making this an easy 1031 exchange property. This is a densely populated area surrounded by commercial, retail and over 200,000 people living within a 5-mile radius. Co-listed with Ohio Broker of Record Doug Wright, CCIM /SVN-Ascension Commercial Realty.