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Views: 125 DOM: 491 Updated: 08.22.24 Posted: 05.14.23 Status: Active

Summary

Price $5,538,000
Built/Renov 2023
Tenant Caliber Car Wash
Cap Rate 6.50%
Lease Type Abs NNN
Guarantor Corporate
Size/SF 3,648
Lease Start 05-01-2023
#Units 38
Price/SF $1,518.09
Expiration 05-01-2043
Tenant Type Automotive
NOI $360,000
R. Term 18.7
Ownership Fee Simple
Rent/SF $98.68
Increases 1.5%/1/yrs
Pop 5Mi 152,639
Lot/AC 1.82
Options 4/5yrs/1%
AHHI 5Mi $78,825

Lease Highlights

  • New construction 2023
  • Caliber Car Wash signed a brand-new 20-year lease with 4 (5-year) options to extend
  • The lease features 1.50% annual rental increases
  • Absolute NNN lease | Zero landlord responsibilities
  • This asset qualifies for 80% bonus depreciation
  • Corporate guaranteed lease

Location Description

Caliber Car Wash is strategically located along SW Archer Road, the primary east/west thoroughfare of Gainesville with clear visibility and access to 50,500 VPD. It is directly off Interstate 75 which sees more than 68,500 VPD. The subject property is surrounded by many national/credit tenants including Target, Whole Foods, Trader Joe’s, Lowe’s, Sam’s Club, Total Wine, Publix, to name a few....

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Maps

  • 1 Mile
  • 3 Miles
  • 5 Miles

Tenant

  • Tenant: Caliber Car Wash
  • Guarantor:Corporate
  • Company:Caliber Carwash, LLC
  • # Units:38
  • 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 : 15,819 75,226 154,339
2023 Total Population : 15,389 74,391 153,288
2023 Employed Civilian Pop : 8,097 37,095 76,900
2023 Total Businesses : 625 2,200 6,280
2023 Average Household Income : $ 51,925 $ 64,971 $ 86,682
2023 Total Consumer Spending : $ 313 M $ 1745 M $ 4805 M
2023 Median Age : 24 24 26
2023 Total Households : 6,773 30,258 63,273
2023 Pop Age 25+: Bachelor's Degree : 1,661 8,864 22,519
2023 Average Home Value : $ 189,875 $ 283,725 $ 335,257
*ESRI data is presented for informational purposes only

Traffic

Collection Street Cross Street Year Traffic Vol Distance
GORE AT SR-24 I- 75 2021 3,100 0.21 mi
Archer Road SW Archer Rd 2021 50,500 0.23 mi
GORE AT I-75 SB SW Archer Rd 2021 3,100 0.28 mi
GORE AT I-75 NB SW 40th Blvd 2021 7,200 0.29 mi
GORE AT SR-24 SW Archer Rd 2021 7,300 0.35 mi
Southwest 42nd Street SW 33rd St 2021 1,800 0.41 mi
Archer Road SW Archer Rd 2021 28,500 0.42 mi
SW Archer Rd SW 44th St 2005 31,000 0.51 mi
Southwest 34th Street SW 35th Pl 2021 28,610 0.60 mi
I 75 SW 35 Dr 2021 75,500 0.61 mi

Listing Broker

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