Caliber Car Wash
Retail | 6.25% CAP | 3,755 SqFt
Marketing description
Surmount is pleased to present the exclusive listing for a Caliber Car Wash located at 794 Beal Pkwy, Fort Walton Beach, FL 32547. The site consists of roughly 3,755 rentable square feet of building space on an estimated 1.17-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 $275,000 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.
Strategic Position Along Fort Walton Beach’s Primary Retail Corridor | The subject property is situated along Beal Parkway, which has an average daily traffic count of over 42,400 vehicles. The site benefits from its positioning within one of Fort Walton Beach's primary retail corridors, which provides the site with exceptional visibility and direct access to dense residential and commercial center.
Dense Retail Corridor | The subject property is located within a dense retail corridor consisting of many local and national tenants. Notable national tenants include Lowe's, Walmart, Walgreens, ALDI, Kohl's, Sam's Club, Chick-fil-A, Jimmy John's, and many more.
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