El Car Wash
Davenport, FL
Key Details
| Price: | $6,800,000 |
|---|---|
| Cap Rate: | 6.25% |
| Annual Rent: | $425,000 |
| Address: | 42321 U.S. 27, Davenport, Florida 33837 |
| Property Type: | Retail |
| Lease Type: | Triple Net (NNN) |
Property Data
| Original Lease Term: | 20 Years |
|---|---|
| Lease Expiration: | 20 Years from Close of Escrow |
| Lease Term Remaining: | 20 Years |
| Rental Increases: | 2.00% Annually |
| Lot Size: | 0.75 Acres |
| Building Size: | 1,500 SF |
| Year Built: | 2024 |
NNN Pro is pleased to present the exclusive listing for a El Car Wash located at 42321 U.S. 27, Davenport, Florida 33837. The site consists of roughly 1500 rentable square feet of building space on an estimated 0.75-acre parcel of land. This El Car Wash is subject to a 20-year Triple Net (NNN) lease, which will commence upon close of escrow. The annual rent will be $425,000 and has scheduled increases of 2.00% Annually.
About the Investment
- 20-Year Triple Net (NNN) Lease | At closing the tenant will execute a brand new 20-year absolute triple-net lease. The lease will have no landlord responsibilities. Corporate Guarantee The lease will be subject to a corporate guarantee by El Car Wash (40+ sites). Attractive
- Corporate Guarantee | The lease will be subject to a corporate guarantee by El Car Wash (40+ sites).
- Attractive Rental Increases | The lease will feature 2% rental increases annually and six (6), five (5) year renewal options.
- Dense Retail Corridor | The subject property is situated near McDonald's, Wendy's, Chick-fil A, Wawa, Panda Express, Dick's Sporting Goods, Family Dollar, Burger King, Denny's, Waffle House, Popeyes, Target, JCPenney, 7-Eleven and many more.
- Strong Traffic Counts | U.S. Highway 27 and Interstate 4 have traffic counts of 60,400 and 115,000 respectively.
- Compelling Real Estate Fundamentals | Walt Disney World Resort is approximately ten miles from the subject property, where 58 million people attend per year.
Key Details
| Price: | $6,800,000 |
|---|---|
| Cap Rate: | 6.25% |
| Annual Rent: | $425,000 |
| Address: | 42321 U.S. 27, Davenport, Florida 33837 |
| Property Type: | Retail |
| Lease Type: | Triple Net (NNN) |
Property Data
| Original Lease Term: | 20 Years |
|---|---|
| Lease Expiration: | 20 Years from Close of Escrow |
| Lease Term Remaining: | 20 Years |
| Rental Increases: | 2.00% Annually |
| Lot Size: | 0.75 Acres |
| Building Size: | 1,500 SF |
| Year Built: | 2024 |
Talk to the Pros
Glen Kunofsky
gkunofsky@nnnpro.com
License: NY: 49KU1129178
Ryan Sblendorio
rsblendorio@nnnpro.com
License: NY: 10401309105
Robert Arruda
rarruda@nnnpro.com
License: NY: 10401382143
Howard Curd
hcurd@nnnpro.com
License: NY: 10401339720
Luke Babcock
lbabcock@nnnpro.com
License: NY: 10401387024
Broker of Record
Brian Brockman
Bang Realty-Naples, Inc
License: BK3327646
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This information has been obtained from sources believed reliable. We have not verified it and make no guarantee, warranty or representation about it. Any projections, opinions, assumptions or estimates used are for example only and do not represent the current or future performance of the property. You and your advisors should conduct a careful, independent investigation of the property to determine to your satisfaction the suitability of the property for your needs.