Caliber Car Wash

1831 North US Highway 1, Fort Pierce, FL 34946

$4,923,000

Cap Rate 6.50%

Views: 208 DOM: 291 Updated: 11.25.24 Posted: 02.16.24 Status: Active

Summary

Price $4,923,000	Built/Renov 2024	Tenant Caliber Car Wash
Cap Rate 6.50%	Lease Type Abs NNN	Guarantor Corporate
Size/SF 3,770	Lease Start 02-01-2024	#Units 50
Price/SF $1,305.84	Expiration 02-01-2044	Tenant Type Automotive
NOI $320,000	R. Term 19.2	Ownership Fee Simple
Rent/SF $84.88	Increases 1.5%/1/yrs	Pop 5Mi 64,606
Lot/AC 1.49	Options 4/5yrs/1.5%	AHHI 5Mi $62,937

Lease Highlights

Brand new 2024 construction
Caliber Car Wash recently executed a brand new 20-year lease with 4 (5-year) options to extend
The lease features 1.5% annual rental increases throughout the initial term and each option period
Absolute NNN lease | Zero landlord responsibilities
Corporate guaranteed lease

Location Description

Caliber Car Wash is strategically located on N U.S Highway 1, with access to 39,100 vehicles passing by daily. Adjacent to the property lies Taylor Creek Commons, a neighborhood center anchored by Publix along with well-known national tenants including CVS, Family Dollar, Wendy’s, and more. Moreover, the location is conveniently positioned just 4 miles away from Treasure Coast International...

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Key Features

New construction
Build to suit
Near major nationals
Highway location
Top 100 MSA
Income tax free state
Brand new lease
Long 20+ yr lease
Accelerated depreciation
Corporate Guarantee

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Links

Caliber Car Wash Wikipedia Fort Pierce, Florida Zip Code 34946 Broker Site Page

Maps

Local Information

1 Mile
3 Miles
5 Miles

Tenant

Tenant: Caliber Car Wash
Guarantor:Corporate
Company:Caliber Carwash, LLC
# Units:50
Stock:Private

About Tenant

Caliber Car Wash is a leading express conveyor car wash platform with locations across the southern United States. The private company has built an industry-leading membership model and a strong...

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Demographics

	1 Miles	3 Miles	5 Miles
2028 Total Population :	4,819	36,770	65,160
2023 Total Population :	4,855	37,272	64,606
2023 Employed Civilian Pop :	1,663	14,463	25,950
2023 Total Businesses :	210	2,165	3,281
2023 Average Household Income :	$ 38,659	$ 57,152	$ 62,937
2023 Total Consumer Spending :	$ 66 M	$ 712 M	$ 1372 M
2023 Median Age :	41	40	40
2023 Total Households :	1,947	14,156	24,784
2023 Pop Age 25+: Bachelor's Degree :	260	2,538	5,213
2023 Average Home Value :	$ 166,332	$ 247,038	$ 274,984

*ESRI data is presented for informational purposes only

Traffic

Collection Street	Cross Street	Year	Traffic Vol	Distance
N Fed Hwy	Valley Ln	2003	27,300	0.06 mi
	North Cswy	2022	11,300	0.16 mi
FL A1A	N Fed Hwy	2021	13,300	0.16 mi
	Ave O	2018	30,000	0.20 mi
N State Hwy A1A	North Cswy	2001	14,400	0.27 mi
N State Hwy A1A	North Cswy	2001	10,100	0.28 mi
Avenue O	N 10th St Exd	2022	2,150	0.31 mi
North 4th Street	Ave F	2022	32,000	0.35 mi
US 1	Ave O	2021	30,500	0.35 mi
Avenue Q	N 16th St	2019	3,900	0.43 mi

Listing Broker

William Wamble

SRS National Net Lease Group

Contact

186 Listings
21793 Views
49 Sold

Patrick Nutt

SRS National Net Lease Group

Contact

262 Listings
28357 Views
93 Sold

William Wamble

Will Wamble joined SRS in early 2019 and specializes in the advisory and sale of net leased properties, specifically in the Southeast. With more than $350M worth of transactional experience in his career, Will prides himself on valuing hard work and dedication to his clients. Will emphasizes collaboration and putting the best team together to find creative solutions to getting transactions completed. He started his commercial real estate career in 2013 with Marcus & Millichap where he focus

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Patrick Nutt

Patrick Nutt joined SRS as executive vice president for the National Net Lease Group and market leader in the Fort Lauderdale office in 2019. He leads the Fort Lauderdale office where he is tasked with recruiting and expansion efforts in the region and elevating the SRS brand throughout Florida. Additionally, Patrick Co-heads the National Net Lease Group for SRS, a group of 50 investment sales professionals who in 2020 managed over 500 transactions with an aggregate value of nearly $2 Billion

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