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Views: 172 DOM: 452 Updated: 11.21.24 Posted: 09.27.23 Status: Active 10.02.24

Summary

Price $4,484,000
Built/Renov 2023
Tenant Caliber Car Wash
Cap Rate 7.00%
Lease Type Abs NNN
Guarantor Corporate
Size/SF 3,286
Lease Start 10-15-2023
#Units 38
Price/SF $1,364.58
Expiration 11-01-2043
Tenant Type Automotive
NOI $313,875
R. Term 18.10
Ownership Fee Simple
Rent/SF $95.52
Increases 1.3%/1/yrs
Pop 5Mi 95,046
Lot/AC 1.50
Options 4/5yrs/1.25%
AHHI 5Mi $92,482

Lease Highlights

  • Brand new 2023 construction
  • Caliber Car Wash recently signed a brand new 20-year lease with 4 (5-year) options to extend
  • Lease features 1.25% annual rental increases
  • Absolute NNN lease | Zero landlord responsibilities
  • Corporate guarantee by Caliber Carwash, LLC

Location Description

Caliber Car Wash is strategically located at the hard corner intersection of 10th Street and US Route 1 with access to 27,600 vehicles per day. The site is strategically located adjacent to two car dealerships, Dyer Chevrolet and Dyer Subaru, providing a direct consumer base for the site to draw from. Neighboring national/credit tenants in the area include Taco Bell, Wawa, Popeyes, Dollar...

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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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Traffic

Collection Street Cross Street Year Traffic Vol Distance
S US Hwy 1 10th St 2000 27,640 0.09 mi
11th St 2022 23,500 0.19 mi
8th Street Hwy 1 2021 7,700 0.22 mi
8th St 8th Ct 2000 8,958 0.24 mi
Old Dixie Highway 9th Pl 2021 10,600 0.27 mi
12th St 6th Ave 2000 6,601 0.34 mi
12th Street Commerce Ave 2019 15,900 0.35 mi
12th Street 11th Ave 2021 14,100 0.35 mi
12th Street 6th Ave 2022 14,100 0.35 mi
8th Pl 8th Ct 2000 6,663 0.36 mi

Listing Broker

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