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| Price $4,888,000 | Built/Renov 2024 | Tenant WhiteWater Express Car Wash |
| Cap Rate 6.65% | Lease Type
Abs NNN | Guarantor Corporate |
| Size/SF
3,750
| Lease Start
04-01-2024
| #Units
110
|
| Price/SF $1,303.47 | Expiration
08-31-2044
| Tenant Type Automotive |
| NOI $325,000 | R. Term 19.9 | Ownership Fee Simple |
| Rent/SF
$86.67
| Increases 1.3%/1/yrs | Pop 5Mi 132,690 |
| Lot/AC 1.47 | Options 4/5yrs/1.25% | AHHI 5Mi $81,543 |
| | |
WhiteWater Express Car Wash is strategically located with excellent access and visibility on West Road, with access to 21,650 vehicles passing by daily. The property is conveniently situated at the I-75 (82,600 VPD) on/off ramps, across from the Ford Stamping Plant, which employs 500 individuals. Additionally, the area is surrounded by top-performing national anchor tenants such as Kohl’s (top...
...New construction
Dense retail corridor
Strategically located
Freeway visibility
Top 100 MSA
Strong demographics
Brand new lease
Long 15+ yr lease
Accelerated depreciation
Corporate Guarantee
WhiteWater Express Car Wash is a high-growth, multi-state operator of express car washes. The chain uses state-of-the-art technology using only half the amount of water as the industry standard...
| 1 Miles | 3 Miles | 5 Miles | |
| 2028 Total Population : | 5,174 | 58,558 | 135,667 |
| 2023 Total Population : | 5,180 | 59,299 | 137,674 |
| 2023 Employed Civilian Pop : | 2,378 | 28,526 | 65,158 |
| 2023 Total Businesses : | 308 | 1,395 | 3,549 |
| 2023 Average Household Income : | $ 103,021 | $ 100,710 | $ 98,208 |
| 2023 Total Consumer Spending : | $ 209 M | $ 2152 M | $ 4885 M |
| 2023 Median Age : | 45 | 44 | 43 |
| 2023 Total Households : | 2,358 | 24,769 | 57,338 |
| 2023 Pop Age 25+: Bachelor's Degree : | 775 | 7,373 | 16,031 |
| 2023 Average Home Value : | $ 221,957 | $ 215,963 | $ 231,970 |
| Collection Street | Cross Street | Year | Traffic Vol | Distance |
| West Rd | Westwood St | 2009 | 21,626 | 0.07 mi |
| I- 75 | 2022 | 1,984 | 0.16 mi | |
| West Rd | 2022 | 10,265 | 0.19 mi | |
| West Road | I- 75 | 2022 | 39,028 | 0.20 mi |
| I- 75 | 2022 | 4,625 | 0.26 mi | |
| West Rd | 2022 | 4,099 | 0.26 mi | |
| West Rd | I- 75 | 2011 | 32,321 | 0.35 mi |
| I- 75 | 2022 | 6,637 | 0.35 mi | |
| West Rd | 2022 | 6,970 | 0.35 mi | |
| West Road | Hall Rd | 2022 | 29,540 | 0.39 mi |
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Cap Rate 6.50%
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Cap Rate 6.50%
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Address: 929 Alton Road, Suite 500
Miami Beach, FL 33139
Telephone: (305) 977-7700
E-mail: [email protected]
