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| Price $4,445,000 | Built/Renov 2007/2020 | Tenant WhiteWater Express Car Wash |
| Cap Rate 6.75% | Lease Type
Abs NNN | Guarantor Corporate |
| Size/SF
4,722
| Lease Start
12-18-2020
| #Units
114
|
| Price/SF $941.34 | Expiration
12-31-2040
| Tenant Type Automotive |
| NOI $300,000 | R. Term 16.0 | Ownership Fee Simple |
| Rent/SF
$63.53
| Increases 1.3%/1/yrs | Pop 5Mi 290,431 |
| Lot/AC 1.60 | Options 4/5yrs | AHHI 5Mi $121,440 |
| | |
WhiteWater Express Car Wash is strategically located on North Beach Street, with access to 37,500 vehicles passing by daily. The property is surrounded by top-performing tenants according to Placer.Ai including Walmart (top 17% nationwide), Taco Bell (top 22% in Texas), Bank of America (top 15% nationwide), Chase Bank (top 18% in Texas), Starbucks (top 30% in Texas), and Sonic Drive-In (top...
...Recent renovation
Build to suit
Near major nationals
Strong tenant synergy
Top 100 MSA
Income tax free state
Long 15+ yr lease
Absolute NNN
Accelerated depreciation
Corporate Guarantee
WhiteWater Express Car Wash is a high-growth, multi-state operator of express car washes. The chain uses state-of-the-art technology using only half the amount of water as the industry standard...
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Address: 929 Alton Road, Suite 500
Miami Beach, FL 33139
Telephone: (305) 977-7700
E-mail: [email protected]
