510 W State Road 434 - Car Washes FOR SALE
Winter Springs, FL 32708 |
510 W State Road 434
Winter Springs, FL 32708
HIGHLIGHTS
- Corporate guarantee from El Car Wash | The largest and fastest-growing car wash brand in Florida with 50+ locations open and operating
- Site is scheduled to be re-branded to El Car Wash within the next 6-12 months and will include a 124-foot tunnel
- New, 20-year initial lease term | $10.3MM+ in guaranteed income
- Rare, 2% annual rent increases throughout the initial term and options | Avg CAP of 7.59% over the base lease term, assuming purchase at List Price
- Excellent access & visibility from State Road 434 which boasts 56,920+ VPD
- Dense and affluent area | 76,200+ residents with an average HH income exceeding $105,000 within a 10-minute drive
FOR SALE DETAILS
PRICE
-
CAP RATE
-
% LEASED
-
TENANCY
-
BUILDING DETAILS
PROPERTY NAME
El Car Wash | 20-Yr NNN | Nearly 57,000 VPD
PROPERTY TYPE
Specialty
PROPERTY SUBTYPE
Car Washes
TOTAL BUILDING SIZE
6318
STORIES
1
BUILDING CLASS
-
YEAR BUILT
2019
SPRINKLERS
-
PARKING SPACES
26
LAND DETAILS
LAND ACRES
1.16 AC AC
LAND SF
50,521 SF
ZONING
-
APN/PARCEL ID
34-20-30-5AV-2500-00A0
