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| Price $4,250,000 | Built/Renov 2024 | Tenant LUV Car Wash |
| Cap Rate 6.75% | Lease Type
Abs NNN | Guarantor Corporate |
| Size/SF
3,520
| Lease Start
07-01-2024
| #Units
75
|
| Price/SF $1,207.39 | Expiration
06-30-2044
| Tenant Type Automotive |
| NOI $286,875 | R. Term 19.6 | Ownership Fee Simple |
| Rent/SF
$81.50
| Increases 2.0%/1/yrs | Pop 5Mi 37,609 |
| Lot/AC 1.07 | Options 4/5yrs/2% | AHHI 5Mi $113,883 |
| | |
LUV Car Wash is strategically located on Highway 17/Coastal Highway, with access to 32,000 vehicles passing by daily. The property holds a prime position in a dense retail corridor surrounded by well-known national tenants including Ford, GMC, Subway, Wendy's, McDonald's, Dollar General, and more. Additionally, within a three-mile radius there is one high school, one junior high school, and...
...New construction
Build to suit
Dense retail corridor
Near major nationals
Affluent AHHI $100K 5 Mi
Income tax free state
Brand new lease
Long 20+ yr lease
Accelerated depreciation
Corporate Guarantee
LUV Car Wash (LUV) is a holding company formed to pursue a strategic buy-and-build within the car wash industry. LUV is primarily focused on partnering with high-quality, express 2.0 washes...
| 1 Miles | 3 Miles | 5 Miles | |
| 2028 Total Population : | 2,347 | 18,365 | 51,413 |
| 2023 Total Population : | 2,221 | 17,228 | 46,627 |
| 2023 Employed Civilian Pop : | 1,134 | 8,405 | 23,156 |
| 2023 Total Businesses : | 87 | 831 | 1,441 |
| 2023 Average Household Income : | $ 94,032 | $ 101,829 | $ 130,356 |
| 2023 Total Consumer Spending : | $ 66 M | $ 562 M | $ 1883 M |
| 2023 Median Age : | 43 | 44 | 43 |
| 2023 Total Households : | 821 | 6,395 | 16,920 |
| 2023 Pop Age 25+: Bachelor's Degree : | 315 | 3,019 | 9,191 |
| 2023 Average Home Value : | $ 434,885 | $ 348,877 | $ 401,996 |
| Collection Street | Cross Street | Year | Traffic Vol | Distance |
| Hwy 17 | 2022 | 34,500 | 0.27 mi | |
| US Hwy 17 | Hwy 17 S | 2001 | 26,000 | 0.34 mi |
| US Hwy 17 | Heath Rd | 2007 | 26,400 | 0.36 mi |
| Gieger Rd | Hwy 17 | 2009 | 3,800 | 0.38 mi |
| US Hwy 17 | Hwy 17 S | 2010 | 26,000 | 0.48 mi |
| Russell Rd | Dothan Rd | 2008 | 8,500 | 0.65 mi |
| Hickory Knolls D | 2022 | 27,500 | 0.90 mi | |
| US Hwy 17 | Orion Rd | 2007 | 27,000 | 1.08 mi |
| US Hwy 17 | River Ln | 2018 | 36,000 | 1.25 mi |
| Gieger Rd | Maryland Ave | 2009 | 2,400 | 1.27 mi |
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Address: 929 Alton Road, Suite 500
Miami Beach, FL 33139
Telephone: (305) 977-7700
E-mail: [email protected]
