Sold Subscription Required
| Price $2,727,000 | Built/Renov 2023 | Tenant Quick Quack Car Wash (GL) |
| Cap Rate 5.50% | Lease Type
Abs NNN | Guarantor Corporate |
| Size/SF
3,596
| Lease Start
09-28-2023
| #Units
192
|
| Price/SF $758.34 | Expiration
09-27-2043
| Tenant Type Automotive |
| NOI $150,000 | R. Term 18.10 | Ownership Ground Lease |
| Rent/SF
$41.71
| Increases 10.0%/5/yrs | Pop 5Mi 26,561 |
| Lot/AC 0.85 | Options 4/5yrs/10% | AHHI 5Mi $66,976 |
| | |
Quick Quack Car Wash is strategically located on Meridian East, with excellent visibility and access to 20,000 vehicles passing by daily. The immediate vicinity features national tenants such as Walmart, 7-Eleven, Starbucks, and Taco Bell, among others. The property is conveniently adjacent to the Florentine development, which includes 160 condominiums. Additionally, it is in close proximity...
...New construction
Signalized intersection
Hard corner intersection
Dense retail corridor
Near major nationals
Strategically located
Brand new lease
Long 15+ yr lease
Absolute NNN
Corporate Guarantee
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 : | 3,635 | 26,909 | 27,501 |
| 2023 Total Population : | 3,612 | 26,705 | 27,258 |
| 2023 Employed Civilian Pop : | 867 | 8,084 | 8,335 |
| 2023 Total Businesses : | 35 | 614 | 661 |
| 2023 Average Household Income : | $ 49,816 | $ 81,770 | $ 82,461 |
| 2023 Total Consumer Spending : | $ 51 M | $ 600 M | $ 619 M |
| 2023 Median Age : | 32 | 32 | 32 |
| 2023 Total Households : | 1,147 | 8,369 | 8,549 |
| 2023 Pop Age 25+: Bachelor's Degree : | 102 | 2,166 | 2,217 |
| 2023 Average Home Value : | $ 207,434 | $ 289,664 | $ 293,683 |
| Collection Street | Cross Street | Year | Traffic Vol | Distance |
| S Best Ave | I St | 2004 | 7,500 | 0.98 mi |
| Main St | Norman Ct | 2004 | 10,700 | 1.06 mi |
| Main St | S 18th St | 2004 | 8,900 | 1.07 mi |
| Main St | N Palm Ave | 2004 | 12,300 | 1.09 mi |
| Main St | N Palm Ave | 2004 | 16,600 | 1.17 mi |
| Dogwood Rd | S Imperial Ave | 2007 | 15,000 | 1.17 mi |
| US Hwy 78 | State Hwy111 | 2015 | 6,100 | 1.19 mi |
| State Rte 111 | Hwy 78 | 2016 | 14,600 | 1.25 mi |
| Main St | N Palm Ave | 2004 | 21,300 | 1.25 mi |
| Main St | S Plz St | 2004 | 21,300 | 1.32 mi |
High Point, NC
Cap Rate 5.85%
Lease NN+
R. Term 18.60 yrs
Size/SF 5,866
El Paso, TX
Cap Rate 5.35%
Lease Abs NNN
R. Term 13.70 yrs
Size/SF 4,162
Wichita, KS
Cap Rate 6.10%
Lease Abs NNN
R. Term 14.50 yrs
Size/SF 4,981
El Paso, TX
Cap Rate 5.35%
Lease Abs NNN
R. Term 13.80 yrs
Size/SF 4,162
New Bern, NC
Cap Rate 6.35%
Lease Abs NNN
R. Term 9.10 yrs
Size/SF 18,000
Wesley Chapel, FL
Cap Rate 5.60%
Lease Double NN
R. Term 14.10 yrs
Size/SF 7,225
Casa Grande, AZ
Cap Rate 6.00%
Lease Abs NNN
R. Term 14.80 yrs
Size/SF 1,438
Albuquerque, NM
Cap Rate 6.00%
Lease Abs NNN
R. Term 14.80 yrs
Size/SF 1,438
Lithia Springs, GA
Cap Rate 5.65%
Lease Abs NNN
R. Term 17.50 yrs
Size/SF 3,457
Albuquerque, NM
Cap Rate 6.00%
Lease Abs NNN
R. Term 14.60 yrs
Size/SF 1,438
Cookeville, TN
Cap Rate 6.35%
Lease Modified Gross
R. Term 15.20 yrs
Size/SF 6,912
Sauk Rapids, MN
Cap Rate 6.33%
Lease Double NN
R. Term 12.11 yrs
Size/SF 24,500
Acworth, GA
Cap Rate 5.50%
Lease NN+
R. Term 10.00 yrs
Size/SF 2,148
Henderson, NV
Cap Rate 5.51%
Lease Abs NNN
R. Term 14.20 yrs
Size/SF 1,700
Lexington, SC
Cap Rate 6.10%
Lease Abs NNN
R. Term 8.20 yrs
Size/SF 6,753
Saint Johns, FL
Cap Rate 5.50%
Lease Abs NNN
R. Term 14.60 yrs
Size/SF 3,000
Jacksonville, FL
Cap Rate 6.25%
Lease Abs NNN
R. Term 20.00 yrs
Size/SF 4,231
Address: 929 Alton Road, Suite 500
Miami Beach, FL 33139
Telephone: (305) 977-7700
E-mail: [email protected]
