7106 N Davis Hwy - Car Washes FOR SALE


Pensacola, FL 32504- Ferry Pass
$4,190,142 USD
7106 N Davis Hwy, Pensacola, FL for Sale
$4,190,142 USD
Car Washes - FOR SALE
1/1
null | 7.75% Cap Rate

7106 N Davis Hwy
Pensacola, FL 32504
Ferry Pass


HIGHLIGHTS

  • Heavily Trafficked Road | Robust Retail Corridor | Less than 1 Mile to I-10 (81,734 VPD).
  • Strong Nearby Demographics | 3.35% Projected AHHI Growth | 5th Best Place to Live in FL.
  • Rapid Industry Growth | 72% of Drivers Use Professional Car Washing Services.
  • Eligible for Accelerated & Bonus Depreciation (Must Consult Tax Professional)

OVERVIEW

Northmarq is pleased to offer for sale to qualified investors, the opportunity to purchase an express car wash leased to ZIPS Car Wash with 12.8 years left on an original 20-year Absolute NNN lease. This lease includes 1.50% annual rent escalations throughout the base term and 7.5% increases with each of the 6, 5-year extension options. Fee simple car wash properties qualify for Accelerated and Bonus Depreciation in 2025 (must consult a tax professional). In Association With Michael Zimmerman, FL Lic. #BK3088542.

FOR SALE DETAILS

PRICE

$4,190,142 USD

PRICE/SF

$1,662 USD /SF

CAP RATE

7.75%

% LEASED

-

TENANCY

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

ZIPS Car Wash

PROPERTY TYPE

Specialty

PROPERTY SUBTYPE

Car Washes

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

B

YEAR BUILT

2007

SPRINKLERS

-

PARKING SPACES

21

LAND DETAILS

LAND ACRES

0.57 AC

LAND SF

24,829 SF

ZONING

C-1

APN/PARCEL ID

30-1S-30-2406-000-002

ASK ABOUT THIS PROPERTY

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