El Car Wash
Pembroke Pines, FL
Key Details
| Price: | $6,800,000 |
|---|---|
| Cap Rate: | 6.25% |
| Annual Rent: | $425,000 |
| Address: | 181 Northwest 180th Avenue, Pembroke Pines, Florida 33029 |
| 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: | 1.00 Acres |
| Building Size: | 3,752 SF |
| Year Built: | 2023 |
NNN Pro is pleased to present the exclusive listing for a El Car Wash located at 181 Northwest 180th Avenue, Pembroke Pines, Florida 33029. The site consists of roughly 3752 rentable square feet of building space on an estimated 1-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 | Lease will Have No Landlord Responsibilities
- Corporate Guarantee: The Lease will be Subject to a Corporate Guarantee by El Car Washes 30+ Units
- Accelerated Depreciation: The Properties Qualify for 15-Year Accelerated Depreciation as well as Bonus Depreciation
Key Details
| Price: | $6,800,000 |
|---|---|
| Cap Rate: | 6.25% |
| Annual Rent: | $425,000 |
| Address: | 181 Northwest 180th Avenue, Pembroke Pines, Florida 33029 |
| 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: | 1.00 Acres |
| Building Size: | 3,752 SF |
| Year Built: | 2023 |
Talk to the Pros
Glen Kunofsky
gkunofsky@nnnpro.com
License: NY: 49KU1129178
Ryan Sblendorio
rsblendorio@nnnpro.com
License: NY: 10401309105
Howard Curd
hcurd@nnnpro.com
License: NY: 10401339720
Robert Arruda
rarruda@nnnpro.com
License: NY: 10401382143
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.