Soak + Shine Car Wash Sale Leaseback
Abs NNN 20-Year Sale Leaseback | 7% Cap | Florida
Marketing description
Anchor Net Lease is pleased to present an exceptional opportunity to acquire a Soak + Shine Auto Wash, strategically positioned along the heavily trafficked Jensen Beach Boulevard in the highly desirable coastal community of Jensen Beach, Florida. This 20-year sale-leaseback investment offers attractive benefits, including eligibility for bonus depreciation, allowing investors to maximize first-year tax savings.
The offering represents a rare chance to acquire an absolute NNN fee simple interest in a recently renovated full- and self-service car wash along Jensen Beach Boulevard, which sees over 20,600 vehicles per day. The facility features six self-serve bays, two full-service touchless wash bays, and fourteen Mega Vac industrial vacuums. Originally constructed in 1989, the property was fully remodeled and placed under new ownership in 2025.
Soak + Shine delivers a hybrid car wash experience, offering both automated touchless service and traditional self-service bays. The site also includes an on-site dog washing station, providing additional revenue streams and customer convenience.
Located on the south side of Jensen Beach Boulevard, the property benefits from strong visibility and accessibility along a key east–west corridor connecting Highway 1 to Pineapple Boulevard, just minutes from the Jensen Beach Causeway to Hutchinson Island. Nearby national retailers include Dunkin’, Sherwin-Williams, Wendy’s, Family Dollar, Walgreens, CVS, ALDI, Truist Bank, and Seacoast Bank. Additionally, over 1.5 million square feet of retail is situated within a 2.5-mile radius to the west.
Investment highlights
20-YEAR ABSOLUTE NNN LEASE | SALE-LEASEBACK
- New 20-year lease with 2% annual rent increases throughout the initial term and options. Rent to commence at close of escrow.
- Over $5,830,000 in guaranteed income over the base term of the lease yielding an 8.50% average CAP.
- Qualifies for Bonus Depreciation (consult your accountant for more details).
HYBRID CAR WASH MODEL
- 5-bay self-serve car wash | 2 Bay Premium Touchless Wash Bays| Full Detailing Service (coming soon) | self-serve Pet Wash (coming soon) | 14 vacuum stations.
- E-commerce and recession-resistant concept.
2026 RENOVATION
- Fully renovated with new ownership in 2025. All equipment replaced in 2025-26.
PORT ST LUCIE MSA | DENSE & AFFLUENT DEMOGRAPHICS
- One of Florida’s Fastest-Growing Metros – Population now exceeds 500,000, with growth nearly three times the national average.
- Affluent & Expanding Customer Base – Average Household Incomes over $100,000 and rising, aligning with car wash membership demographics.
- High Vehicle Usage – Limited public transit and strong commuter traffic along U.S. 1 and Jensen Beach Boulevard.
- Desirable Quality of Life & Continued Growth Outlook – Recognized by U.S. News & World Report as one of the “Best Places to Live in Florida”; Port St. Lucie benefits from Coastal amenities, top-ranked schools, and a pro-growth mindset – creating favorable long-term fundamentals for retail and car wash assets alike.
Listing Contacts
Valuation Calculator
Valuation Metrics
Broker Selected Comps View More Comps
Property History
Tax History
Similar Properties
Is there information that looks off?
