525 E Merritt Island Cswy - Car Washes FOR SALE


Merritt Island, FL 32952
$6,230,769 USD
332-345-4222

NO PHOTO

$6,230,769 USD
Car Washes - FOR SALE
null | 6.5% Cap Rate

525 E Merritt Island Cswy
Merritt Island, FL 32952


HIGHLIGHTS

  • This El Car Wash is subject to a 20-year Triple Net (NNN) lease which will commence upon close of escrow.

OVERVIEW

NNN Pro is pleased to present the exclusive listing for an El Car Wash located at 525 East Merritt Island Causeway, Merritt Island, FL 33837. The site consists of roughly 1,789 rentable square feet of building space on an estimated 2.07-acre parcel of land. This El Car Wash is subject to a 20-year Triple Net (NNN) lease which will commence upon close of escrow. The annual rent will be $405,000 and has scheduled increases of 2.00% annually.

FOR SALE DETAILS

PRICE

$6,230,769 USD

PRICE/SF

$3,483 USD /SF

CAP RATE

6.5%

% LEASED

-

TENANCY

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Specialty

PROPERTY SUBTYPE

Car Washes

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

B

YEAR BUILT

2025

SPRINKLERS

-

PARKING SPACES

9

LAND DETAILS

LAND ACRES

1.31 AC

LAND SF

57,206 SF

ZONING

-

APN/PARCEL ID

24-36-36-25-00000.0-0019.00

ASK ABOUT THIS PROPERTY

Glen KunofskyNNN Pro GroupMore Info
332-345-4222

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Glen KunofskyNNN Pro GroupMore Info
332-345-4222

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.