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| Price $2,143,000 | Built/Renov 2023 | Tenant Quick Quack Car Wash (GL) |
| Cap Rate 5.60% | Lease Type
Abs NNN | Guarantor Corporate |
| Size/SF
3,600
| Lease Start
04-15-2023
| #Units
192
|
| Price/SF $595.28 | Expiration
04-14-2043
| Tenant Type Automotive |
| NOI $120,000 | R. Term 18.3 | Ownership Ground Lease |
| Rent/SF
$33.33
| Increases 10.0%/5/yrs | Pop 5Mi 47,006 |
| Lot/AC 1.14 | Options 4/5yrs/10% | AHHI 5Mi $63,176 |
| | |
The subject property is a newly constructed Quick Quack car wash located in the dense retail corridor on Imperial W Avenue, near the intersection of Imperial Avenue and Birch Street, which sees approximately 58,000 vehicles passing by daily. Highway 86/Imperial Avenue is a major freeway and provides a link between Interstate-8 and Interstate-10, connecting to San Diego and Los Angeles...
...New construction
Major thoroughfare
Near major nationals
Shopping Ctr out-parcel
Strategically located
Freeway visibility
Highway location
Brand new lease
Long 15+ yr lease
Absolute NNN
Quick Quack Car Wash is a growing chain of exterior-only express car washes. Developed in 2004, it has grown from a local car wash in Sacramento, CA to the fourth largest car wash in the nation....
| 1 Miles | 3 Miles | 5 Miles | |
| 2028 Total Population : | 18,099 | 37,811 | 44,709 |
| 2023 Total Population : | 18,209 | 37,907 | 44,893 |
| 2023 Employed Civilian Pop : | 5,447 | 11,890 | 13,995 |
| 2023 Total Businesses : | 717 | 935 | 999 |
| 2023 Average Household Income : | $ 74,864 | $ 79,600 | $ 80,016 |
| 2023 Total Consumer Spending : | $ 352 M | $ 724 M | $ 855 M |
| 2023 Median Age : | 34 | 33 | 33 |
| 2023 Total Households : | 5,337 | 10,454 | 12,277 |
| 2023 Pop Age 25+: Bachelor's Degree : | 1,925 | 3,573 | 4,395 |
| 2023 Average Home Value : | $ 277,737 | $ 316,876 | $ 306,689 |
| Collection Street | Cross Street | Year | Traffic Vol | Distance |
| East Birch Street | Paulin Ave | 2021 | 30,000 | 0.00 mi |
| 111 | 2018 | 34,000 | 0.01 mi | |
| CA 111 | E Birch St | 2021 | 19,700 | 0.01 mi |
| 111 | 2018 | 34,000 | 0.01 mi | |
| W Birch St | Emerson Ave | 2016 | 19,100 | 0.04 mi |
| S Imperial Ave | Roosevelt St | 2016 | 33,500 | 0.05 mi |
| 98 | Paulin Ave | 2018 | 24,600 | 0.12 mi |
| Rockwood Avenue | 2021 | 19,650 | 0.14 mi | |
| W Birch St | George Ave | 2016 | 19,100 | 0.28 mi |
| East Birch Street | Blair Ave | 2021 | 20,000 | 0.30 mi |
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Address: 929 Alton Road, Suite 500
Miami Beach, FL 33139
Telephone: (305) 977-7700
E-mail: [email protected]
