Listed by SRS Real Estate Partners Tampa, SRS Real Estate Partners South Florida
$4,871,000
Mister Car Wash - Orlando FL
Details
APN 02-22-29-0000-00-065
Property Type Retail, Special Purpose
Sub Type Car Wash
Square Footage 5,849
Cap Rate 5.5%
NOI $267,913
Occupancy 100%
Tenancy Single
Brand/Tenant Mister Car Wash
Lease Type Absolute NNN
Lease Term 20.1
Lease Expiration 04/30/2039
Remaining Term 12.8
Rent Bumps Yes
Lease Options 4 (5-Yeara4 (5-Year))
Year Built 2019
Acreage 0.910
Zoning General Commercial
Parking Spaces 19 spaces
Parking per 1,000 SqFt 3.25
Investment Type Net Lease
Tenant Credit Corporate Guarantee
Lease Commencement 04/04/2019
Ground Lease No
Ownership Fee Simple
Strong Financials | Bonus Depreciation Yr1 | 5,849 SqFt
Investment highlights
- 12+ Years Remaining | Annual Rental Increases | Established Brand
- Absolute NNN | Fee Simple Ownership | Zero Landlord Responsibilities
- Dense Retail Corridor | Lee Rd Shopping Center | Strong National/Credit Tenant Presence
- Near Signalized, Hard Corner Intersection | Interstate 4 | Excellent Visibility
- Strong Demographics in 5-mile Trade Area | Six-Figure Incomes
Listing Contacts
Listed by SRS Real Estate Partners Tampa, SRS Real Estate Partners South Florida
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$267,913.00
$22,326.08/mo
Valuation Metrics
0
DSCR
5.5%
Cap Rate
5.5%
ROI
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