Multi Corporation announced the acquisition of a fully automated car wash facility in Duiven, Netherlands. The property is secured by a long-term triple net lease, and consequently represents an attractive investment opportunity with sustainable income potential.
Operated by innovative car wash operator Claro, the facility is equipped with advanced technologies, including a state-of-the-art 50m automated wash tunnel, and is aligned with the latest sustainability regulations. This strategic acquisition reinforces Multi’s commitment to investing in convenience assets that generate stable and sustainable returns.
Arnaud du Pont, Managing Director Multi Property Management Netherlands, said: “The car wash industry has been highly modernised in the past decade and this facility meets the needs of today’s customers whilst adhering to high standards of sustainability. We are pleased to have acquired this property and have signed a long-term triple net lease with Claro Carwash, one of the leaders in this industry. As sustainability regulations tighten across Europe, modern car wash facilities are becoming essential services, driving demand for this asset class.”
Multi remains committed to its vision of creating value through strategic investments and sustainable asset management, and this transaction is part of its broader focus on investing in alternative retail sub-sectors that provide double or triple net leases. With a focus on innovation and adaptability, Multi continues to lead the market in repositioning and managing assets for long-term growth.
Image source - Multi Corporation.
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