Caliber Car Wash
Eligible for 100% Bonus Depreciation
Marketing description
Surmount is pleased to present the exclusive listing for a Caliber Car Wash located at 162 Eglin Parkway Northeast, Fort Walton Beach, FL 32548. The site consists of roughly 2,373 rentable square feet of building space on an estimated 0.51-acre parcel of land. This Caliber Car Wash is subject to a 20-year Triple Net (NNN) lease, which commenced 3/1/2022. The current annual rent is $204,843 and has scheduled increases of 1.50% annually.
Investment highlights
Long-Term, Absolute Triple Net (NNN) Lease | The lease is an original 20-year lease with over 16+ years of term remaining. The lease is an absolute NNN lease and features no landlord responsibilities.
Bonus Depreciaton | The property qualifies for accelerated depreciation, including bonus depreciation, offerin investors significant tax advantages in the early years of ownership. These incentives enhance after-tax cash flow and improve overall investment returns, making this asset especially attractive for buyers seeking efficient tax treatment on real estate holdings.
Corporate Guarantee | The lease will be subject to a strong corporate guarantee from Clydsdale Holdings LLC. Caliber is one of the fastest-growing express car wash businesses in the country currently operating over 50 washes in Florida, North Carolina, South Carolina, Georgia, Alabama, and Texas.
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