NNN Car Wash – Acquisition

NNN Car Wash – Acquisition

Southern, US


Southern, US


Funding Purpose

Tauro was exclusively engaged to place debt on the acquisition of this single tenant net lease car wash.

Property Description

Newly built car was with a signed 20 year absolute NNN lease that began in late 2019 with 1% annual rent escalation in the Southern, US.


Experienced Real Estate investor with  multiple low-leveraged NNN assets in his portfolio. Utilizing 1031 exchange proceeds for the purchase.


  • 1031 timeline required a quick close.
  • Client had specific financing and property requirements to make sure this would be a good addition to his portfolio.


  • Financing from a credit union that gave him the best terms out of multiple other sources.
  • Non-recourse was high on the priority list, and his lender was able to fulfill.


  • Interest Rate: 4.2%
  • Amortization: 30 years
  • Term: 10 years
  • Recourse: Non-recourse
  • Prepayment: Allowed

Matt Bucaro

Matt Bucaro


Senior Director | Capital Advisor

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