Sourced a $35 Million Development Credit Facility for a Rapidly Expanding Car Wash Operator in the Southeastern United States

Client Profile:

Car wash operator with eight locations, expected to expand to 15 by the end of 2024.

Strategy:

Client identified six locations where they wanted to open new car washes. Century Partners sourced several development financing options.

Outcome:

  • Client selected a family office to provide funding for the development; sites are currently under construction. 

More Case Studies

1031 Exchange from Los Angeles Apartments | Industrial to Investment-Grade Credit Net Lease

Outcome:

  • Sourced a single-tenant Autozone in affluent Newbury Park, CA on an off-market basis and successfully restructured a long-term lease extension with the tenant prior to closing.
  • Sourced a single-tenant Del Taco in Allen Park, Michigan, and closed on the transaction prior to the tenant opening for business.
  • Procured long-term fixed-rate, non-recourse debt from life insurance companies for both transactions.

1031 Exchange from Multi-Family to Multi-Tenant Retail

Outcome:

  • Century Partners sourced three (3) trophy-quality properties including (a) ATI + Blaze Pizza in Fishers, IN, (b) Cafe Rio & T-Mobile in Castle Rock, CO, and (c) Potbelly, ATI, & Noodles Co in St. Charle’s, IL. The properties were all sourced on an off-market basis through Century Partners’ national relationships.