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| Price $5,096,000 | Built/Renov 2017 | Tenant Take 5 Car Wash |
| Cap Rate 6.50% | Lease Type
Abs NNN | Guarantor Corp T and Rated |
| Size/SF
5,538
| Lease Start
01-01-2023
| #Units
390
|
| Price/SF $920.19 | Expiration
12-28-2042
| Tenant Type Automotive |
| NOI $331,224 | R. Term 18.1 | Ownership Fee Simple |
| Rent/SF
$59.81
| Increases 2.0%/5/yrs | Pop 5Mi 79,814 |
| Lot/AC 1.15 | Options 4/5yrs/2% | AHHI 5Mi $81,531 |
| | |
Take 5 Car Wash is strategically located along Cortez Boulevard with an average of 42,000 vehicles passing by daily. The asset benefits from nearby access onto State Highway 589 (13,900 VPD), providing direct access into downtown Tampa and connecting the MSA. The subject property is within direct proximity to Western Way (160K+ SF), Coastal Way (251K+ SF), Mariner Square (285K+ SF), and other...
...Build to suit
Dense retail corridor
Highway location
Top 100 MSA
Income tax free state
Long 15+ yr lease
Absolute NNN
Accelerated depreciation
Traded and rated company
Corporate Guarantee
Take 5 Car Wash is the largest domestic operator of car wash sites. The chain offers exterior car wash services that utilize an automated conveyor belt to pull vehicles along a track where they...
| 1 Miles | 3 Miles | 5 Miles | |
| 2028 Total Population : | 3,254 | 33,369 | 82,231 |
| 2023 Total Population : | 3,220 | 32,384 | 79,814 |
| 2023 Employed Civilian Pop : | 855 | 12,142 | 32,803 |
| 2023 Total Businesses : | 344 | 935 | 2,444 |
| 2023 Average Household Income : | $ 69,974 | $ 80,795 | $ 81,531 |
| 2023 Total Consumer Spending : | $ 97 M | $ 951 M | $ 2261 M |
| 2023 Median Age : | 63 | 53 | 49 |
| 2023 Total Households : | 1,597 | 13,473 | 31,663 |
| 2023 Pop Age 25+: Bachelor's Degree : | 319 | 3,629 | 8,465 |
| 2023 Average Home Value : | $ 174,046 | $ 245,840 | $ 268,030 |
| Collection Street | Cross Street | Year | Traffic Vol | Distance |
| FL 50 | Cortez Blvd | 2021 | 42,000 | 0.21 mi |
| Cortez Boulevard | Grove Rd | 2022 | 44,000 | 0.21 mi |
| Cortez Blvd | Barclay Ave | 2010 | 33,000 | 0.40 mi |
| Cortez Blvd | Chambord St | 2011 | 38,000 | 0.42 mi |
| Jacqueline Rd | Jayson Dr | 2010 | 2,707 | 0.63 mi |
| Mariner Blvd | Cortez Blvd | 2010 | 20,495 | 0.81 mi |
| Cortez Blvd | Mariner Blvd | 2010 | 35,500 | 0.87 mi |
| Sunshine Grove Rd | Montour St | 2008 | 10,765 | 0.90 mi |
| Cortez Blvd | Grove Rd | 2011 | 32,000 | 1.02 mi |
| Suncoast Pkwy | Cortez Blvd | 2018 | 500 | 1.12 mi |
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Cap Rate 6.50%
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Columbus, GA
Cap Rate 6.90%
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Cap Rate 6.90%
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Vail, AZ
Cap Rate 6.50%
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Woodhaven, MI
Cap Rate 6.65%
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Arvada, CO
Cap Rate 6.50%
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Vero Beach, FL
Cap Rate 6.75%
Lease Abs NNN
R. Term 19.00 yrs
Size/SF 3,286
Address: 929 Alton Road, Suite 500
Miami Beach, FL 33139
Telephone: (305) 977-7700
E-mail: [email protected]
