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| Price $7,500,000 | Built/Renov 2024 | Tenant El Car Wash |
| Cap Rate 6.00% | Lease Type
Abs NNN | Guarantor Corporate |
| Size/SF
2,688
| Lease Start
07-01-2024
| #Units
40
|
| Price/SF $2,790.18 | Expiration
06-30-2044
| Tenant Type Automotive |
| NOI $450,000 | R. Term 19.7 | Ownership Fee Simple |
| Rent/SF
$167.41
| Increases 2.0%/1/yrs | Pop 5Mi 279,750 |
| Lot/AC 0.71 | Options 6/5yrs/2% | AHHI 5Mi $110,343 |
| | |
El Car Wash strategically located on Federal Hwy/US-1, with access to 41,500 vehicles passing by daily. The property is situated directly across from a shopping center anchored by Nordstrom Rack & Trader Joe’s. Additionally, it serves as an outparcel to Plaza Del Mar Shopping Center featuring other well-known national tenants including Whole Foods, DICK’s Sporting Goods, and Lululemon....
...New construction
Build to suit
Dense retail corridor
Near major nationals
Top 100 MSA
Strong demographics
Brand new lease
Long 20+ yr lease
Annual rent increases
Corporate Guarantee
El Car Wash is the premier express car wash operator offering an unlimited wash program, high-quality products, leading customer service, and an environmentally friendly focus, establishing the...
| 1 Miles | 3 Miles | 5 Miles | |
| 2028 Total Population : | 23,457 | 151,290 | 296,056 |
| 2023 Total Population : | 22,685 | 143,371 | 287,194 |
| 2023 Employed Civilian Pop : | 14,672 | 80,508 | 154,036 |
| 2023 Total Businesses : | 2,370 | 17,212 | 29,710 |
| 2023 Average Household Income : | $ 119,286 | $ 123,743 | $ 108,087 |
| 2023 Total Consumer Spending : | $ 1318 M | $ 7638 M | $ 11965 M |
| 2023 Median Age : | 42 | 44 | 43 |
| 2023 Total Households : | 12,805 | 71,643 | 128,075 |
| 2023 Pop Age 25+: Bachelor's Degree : | 6,498 | 32,728 | 51,821 |
| 2023 Average Home Value : | $ 707,453 | $ 683,367 | $ 570,340 |
| Collection Street | Cross Street | Year | Traffic Vol | Distance |
| Sunrise Blvd | NE 16th Ter | 2009 | 56,500 | 0.06 mi |
| NE 15th Ave | NE 11th St | 2008 | 18,400 | 0.07 mi |
| NE 15th Ave | NE 9th St | 2008 | 8,900 | 0.11 mi |
| Sunrise Boulevard | E Sunrise Blvd | 2022 | 54,500 | 0.18 mi |
| Northeast 15th Avenue | NE 12th St | 2022 | 13,200 | 0.19 mi |
| Northeast 15th Avenue | NE 8th St | 2022 | 6,700 | 0.25 mi |
| Sunrise Boulevard | NE 12th Ave | 2022 | 59,000 | 0.27 mi |
| Sunrise Boulevard | NE 12th Ave | 2021 | 58,500 | 0.27 mi |
| N Victoria Park Rd | NE 9th St | 2002 | 1,039 | 0.33 mi |
| NE 13th St | NE 14th Ave | 2008 | 11,800 | 0.38 mi |
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Address: 929 Alton Road, Suite 500
Miami Beach, FL 33139
Telephone: (305) 977-7700
E-mail: [email protected]
