Caliber Car Wash
Retail | 6.25% CAP | 3,752 SqFt
Marketing description
Surmount is pleased to present the exclusive listing for a Caliber Car Wash located at 812 S State Rd. 19, Palatka, FL 32177. The site consists of roughly 3,752 rentable square feet of building space on an estimated 1.15-acre parcel of land. This Caliber Car Wash is subject to a 22-year Triple Net (NNN) lease which will commence upon close of escrow. The annual rent will be $250,000 and has scheduled increases of 2.00% annually.
Investment highlights
Strong Corporate Guaranty | The lease is subject to a strong corporate guarantee from Clydesdale Holdings, LLC. Caliber Car Wash currently operates over 60 locations across Florida, Georgia, North Carolina, South Carolina, Alabama, and Texas.
Bonus Depreciation Opportunity | This property offers 100% bonus depreciation, offering notable tax advantages in the early years of ownership. This form of depreciation enhances after-tax cash flow and adds to overall investment returns, making this property ideal for investors looking for tax treatment on real estate holdings. SURMOUNT is not a tax advisor. Please consult your own tax professional.
Attractive Retail Corridor Anchored by National Tenants | Located along S State Rd 19, the site benefits from visibility and synergy with major retailers including Walmart, Publix, Walgreens, Winn-Dixie, Home Depot, CVS, and many more—drawing consistent consumer traffic throughout the day.
Proximity to Key Community Drivers | The subject property is located within close proximity to multiple major economic drivers including HCA Florida Putnam Hospital, a 99-bed acute care facility, and St. Johns River State College, which has a total enrollment of over 7,000 students.
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