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| Price $4,732,000 | Built/Renov 2013 | Tenant Mighty Wash Car Wash |
| Cap Rate 7.00% | Lease Type
Abs NNN | Guarantor Corporate |
| Size/SF
4,536
| Lease Start
12-01-2024
| #Units
20
|
| Price/SF $1,123.46 | Expiration
11-30-2044
| Tenant Type Automotive |
| NOI $331,266 | R. Term 19.8 | Ownership Fee Simple |
| Rent/SF
$73.03
| Increases 1.5%/1/yrs | Pop 5Mi 121,163 |
| Lot/AC 1.36 | Options 4/5yrs/1.5% | AHHI 5Mi $77,068 |
| | |
Mighty Wash Car Wash is strategically located in a prime location on Kermit Highway, with access to 6,700 vehicles passing by daily. The property offers easy accessibility with multiple entry and exit points via Kermit Highway. The surrounding area boasts well-known national tenants such as Advanced Auto Parts, McDonald's, Jack in the Box, Walgreens, Subway, and Dollar General, and more....
...Build to suit
Dense retail corridor
Near major nationals
Highway location
Strong demographics
Income tax free state
Brand new lease
Long 20+ yr lease
Accelerated depreciation
Corporate Guarantee
Mighty Wash is a conveyor car wash company that provides high-quality car washing services while focusing on continuous growth and adhering to its mission statement: The company offers multiple...
| 1 Miles | 3 Miles | 5 Miles | |
| 2028 Total Population : | 11,854 | 68,579 | 117,265 |
| 2023 Total Population : | 11,621 | 67,411 | 114,315 |
| 2023 Employed Civilian Pop : | 5,558 | 31,592 | 54,210 |
| 2023 Total Businesses : | 470 | 2,765 | 4,692 |
| 2023 Average Household Income : | $ 67,014 | $ 71,539 | $ 74,114 |
| 2023 Total Consumer Spending : | $ 238 M | $ 1502 M | $ 2654 M |
| 2023 Median Age : | 32 | 33 | 34 |
| 2023 Total Households : | 4,066 | 23,861 | 40,795 |
| 2023 Pop Age 25+: Bachelor's Degree : | 963 | 4,261 | 9,099 |
| 2023 Average Home Value : | $ 260,650 | $ 212,668 | $ 233,178 |
| Collection Street | Cross Street | Year | Traffic Vol | Distance |
| Kermit Highway | N Co Rd W | 2022 | 6,453 | 0.04 mi |
| Kermit Highway | N Co Rd W | 2019 | 9,417 | 0.04 mi |
| N Co Rd W | W University Blvd | 2015 | 18,375 | 0.10 mi |
| W University Blvd | Security Ave | 2015 | 21,280 | 0.11 mi |
| North County Road West | W University Blvd | 2022 | 14,271 | 0.11 mi |
| North County Road West | W University Blvd | 2019 | 18,175 | 0.11 mi |
| West University Boulevard | Security Ave | 2022 | 18,708 | 0.12 mi |
| N Co Rd W | W University Blvd | 2015 | 18,493 | 0.13 mi |
| N Co Rd W | Harris St | 2015 | 27,562 | 0.17 mi |
| West University Boulevard | Catalina Dr | 2022 | 23,252 | 0.17 mi |
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Size/SF 4,078
Address: 929 Alton Road, Suite 500
Miami Beach, FL 33139
Telephone: (305) 977-7700
E-mail: [email protected]
