Mr. Clean Car Wash

3020 South Pine Avenue, Ocala, FL 34471

$5,232,929

Cap Rate 7.00%

Views: 141 DOM: 274 Updated: 11.25.24 Posted: 03.23.24 Status: Active

Summary

Price $5,232,929	Built/Renov 2022	Tenant Mr. Clean Car Wash
Cap Rate 7.00%	Lease Type Abs NNN	Guarantor Corp Traded
Size/SF 3,302	Lease Start 08-01-2022	#Units 17
Price/SF $1,584.78	Expiration 08-31-2042	Tenant Type Automotive
NOI $366,305	R. Term 17.8	Ownership Fee Simple
Rent/SF $110.85	Increases 1.3%/1/yrs	Pop 5Mi 91,459
Lot/AC 1.38	Options 4/5yrs/1.25%	AHHI 5Mi $87,314

Patrick Nutt

SRS National Net Lease Group

Contact

Lease Highlights

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 S. Pine Avenue, a major commuter and retail thoroughfare with access to 39,500 vehicles passing by daily. This prime location is situated near the heavily trafficked, signalized intersection with SE. 32nd St, which boasts a substantial traffic count of 60,000 VPD. The property offers excellent visibility and access, facilitated by significant...

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Key Features

New construction
Build to suit
Dense retail corridor
Highway location
Major 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 Ocala, Florida Zip Code 34471 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 :	6,325	38,341	91,045
2023 Total Population :	6,399	39,508	91,459
2023 Employed Civilian Pop :	2,930	17,983	40,776
2023 Total Businesses :	368	3,772	6,282
2023 Average Household Income :	$ 75,179	$ 89,180	$ 87,314
2023 Total Consumer Spending :	$ 173 M	$ 1261 M	$ 2787 M
2023 Median Age :	54	44	43
2023 Total Households :	2,653	16,265	36,652
2023 Pop Age 25+: Bachelor's Degree :	1,036	6,054	12,781
2023 Average Home Value :	$ 307,244	$ 309,459	$ 289,344

*ESRI data is presented for informational purposes only

Traffic

Collection Street	Cross Street	Year	Traffic Vol	Distance
	SE 30th St	2022	30,000	0.05 mi
SW 32nd St	SE 3rd Ave	2008	12,900	0.19 mi
S Pine Ave	SE 3rd Ave	2008	27,400	0.31 mi
Southeast 1st Avenue	SW 29th StR	2022	5,800	0.32 mi
US 31	Hwy 27	2020	22,500	0.32 mi
SE 31st St	SE 5th Ter	2008	9,300	0.38 mi
Southwest 32nd Street	SW 1st Ave	2022	20,500	0.39 mi
Southeast Lake Weir Road	SE Lake Weir Ave	2022	6,200	0.61 mi
SE 31st St	SE Lake Weir Rd	2004	8,200	0.62 mi
SE Lake Weir Rd	SE 21st St	2007	12,900	0.71 mi

Listing Broker

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