Mr. Clean Car Wash

215 N Charles Richard Beall Blvd, DeBary, FL 32713

$6,131,700

Cap Rate 6.75%

Views: 122 DOM: 255 Updated: 10.03.24 Posted: 03.23.24 Status: Active

Summary

Price $6,131,700	Built/Renov 2022	Tenant Mr. Clean Car Wash
Cap Rate 6.75%	Lease Type Abs NNN	Guarantor Corp Traded
Size/SF 3,211	Lease Start 06-01-2022	#Units 17
Price/SF $1,909.59	Expiration 06-01-2042	Tenant Type Automotive
NOI $413,887	R. Term 17.6	Ownership Fee Simple
Rent/SF $128.90	Increases 1.3%/1/yrs	Pop 5Mi 92,202
Lot/AC 0.95	Options 4/5yrs/1.25%	AHHI 5Mi $81,558

Patrick Nutt

SRS National Net Lease Group

Contact

Lease Highlights

Mr. Clean Car Wash has 17+ years remaining on the current lease term with 4 (5-year) options to extend
The lease features 1.25% annual rental increases throughout the initial term and option periods
Absolute NNN lease | Zero landlord responsibilities
Corporate guaranteed lease

Location Description

Mr. Clean Car Wash is strategically located on N. Charles Richard Beall Blvd., a major commuter and retail thoroughfare with access to 34,500 vehicles passing by daily. The property benefits from excellent visibility and access via significant street frontage and a large monument sign. It is strategically positioned as an outparcel to Walmart Neighborhood Market in a dense retail corridor with...

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Key Features

New construction
Build to suit
WalMart out-parcel
Highway location
Top 100 MSA
Income tax free state
Long 15+ yr lease
Accelerated depreciation
Corporate Guarantee
Publicly traded company

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Links

Mr. Clean Car Wash Wikipedia DeBary, Florida Zip Code 32713 Broker Site Page

Maps

Local Information

1 Mile
3 Miles
5 Miles

Tenant

Tenant: Mr. Clean Car Wash
Guarantor:Corp Traded
Company:Proctor & Gamble
# Units:17
Stock: NYSE: PG

About Tenant

Mister Car Wash is the nation’s largest car wash brand with over 475 locations across the United States (21 states). The company has come a long way since opening its first location in 1969 in...

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Demographics

	1 Miles	3 Miles	5 Miles
2028 Total Population :	8,322	41,897	95,780
2023 Total Population :	8,492	41,270	92,332
2023 Employed Civilian Pop :	3,857	19,579	43,637
2023 Total Businesses :	296	1,823	2,750
2023 Average Household Income :	$ 94,426	$ 82,386	$ 81,543
2023 Total Consumer Spending :	$ 304 M	$ 1201 M	$ 2573 M
2023 Median Age :	57	47	45
2023 Total Households :	3,764	16,769	36,225
2023 Pop Age 25+: Bachelor's Degree :	1,770	6,091	11,893
2023 Average Home Value :	$ 338,525	$ 300,253	$ 280,945

*ESRI data is presented for informational purposes only

Traffic

Collection Street	Cross Street	Year	Traffic Vol	Distance
N Charles Richard Beall Blvd	N Pine Meadow Dr	2012	23,000	0.11 mi
Charles Richard Beall Boulevard	Dogwood Trl	2022	24,000	0.22 mi
N Charles Richard Beall Blvd	Shell Rd N	2011	27,500	0.43 mi
Charles Richard Beall Boulevard	Wood Hollow Rd	2022	34,500	0.54 mi
E Highbanks Rd	Estrella Rd	2011	7,360	0.69 mi
N Charles Richard Beall Blvd	Entrance Rd	2012	26,000	0.69 mi
W Highbanks Rd	Shell Rd N	2011	10,010	0.71 mi
S Shell Rd	Poinsettia Dr	2011	2,150	0.80 mi
Poinsettia Dr	S Charles Richard Beall Blvd	2011	21,000	0.86 mi
Saxon Blvd	Alessandra Cir	2012	13,600	0.88 mi

Listing Broker

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