Caliber Car Wash
Ocala, FL
Key Details
| Price: | $4,984,815 |
|---|---|
| Cap Rate: | 6.75% |
| Annual Rent: | $336,475 |
| Address: | 815 South Pine Avenue, Ocala, Florida 34471 |
| Property Type: | Retail |
| Lease Type: | Triple Net (NNN) |
Property Data
| Original Lease Term: | 20 Years |
|---|---|
| Lease Commencement: | 3/31/2023 |
| Lease Expiration: | 3/31/2043 |
| Lease Term Remaining: | 18 Years |
| Rental Increases: | 1.75% Annually |
| Lot Size: | 1.15 Acres |
| Building Size: | 7,948 SF |
| Year Built: | 2022 |
NNN Pro is pleased to present the exclusive listing for a Caliber Car Wash located at 815 South Pine Avenue, Ocala, Florida 34471. The site consists of roughly 7948 rentable square feet of building space on an estimated 1.15-acre parcel of land. This Caliber Car Wash is subject to a 20-year Triple Net (NNN) lease, which commenced 3/31/2023. The current annual rent is $336,475 and has scheduled increases of 1.75% Annually.
About the Investment
- Long Term Absolute Triple-Net (NNN) Lease | This Caliber Car Wash is subject to a long term 20-year NNN lease with about 18 years remaining. The lease is absolute triple-net (NNN), in which the landlord has zero responsibilities.
- Extremely Attractive Annual Rent Increases | The lease is subject to rare annual 1.75% rental increases enhancing long-term stability and offering a built-inhedge against inflation.
- Strong Corporate Guaranty | Caliber Car Wash has a corporate guarantee from Clydesdale Holdings, LLC. Caliber Car Wash currently operates over 60 locations across Florida, Georgia, North Carolina, South Carolina, Alabama, and Texas.
Key Details
| Price: | $4,984,815 |
|---|---|
| Cap Rate: | 6.75% |
| Annual Rent: | $336,475 |
| Address: | 815 South Pine Avenue, Ocala, Florida 34471 |
| Property Type: | Retail |
| Lease Type: | Triple Net (NNN) |
Property Data
| Original Lease Term: | 20 Years |
|---|---|
| Lease Commencement: | 3/31/2023 |
| Lease Expiration: | 3/31/2043 |
| Lease Term Remaining: | 18 Years |
| Rental Increases: | 1.75% Annually |
| Lot Size: | 1.15 Acres |
| Building Size: | 7,948 SF |
| Year Built: | 2022 |
Talk to the Pros
Anthony D'Ambrosia
adambrosia@nnnpro.com
License: NY: 10401294012
Josh Kanter
jkanter@nnnpro.com
License: NY: 10401294056
Kevin Burke
kburke@nnnpro.com
License: NY: 10401370868
Glen Kunofsky
gkunofsky@nnnpro.com
License: NY: 49KU1129178
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.