Mr. Clean Car Wash | Corp Abs NNN w/ 18+ Yrs
3,302 SF | Retail Building | Ocala, FL 34471 | $5,355,800 ($1,622/SF) | 6.75% Cap Rate
For Sale
Active
- Date Added:
- May 17, 2024
- Days on Market:
- 28 days
Asking Price $5,355,800
- Property Type
-
Retail
- Square Feet
- 3,302 SF
- Price / Square Foot
- $1,622
Listing Contacts
Teddy Leonard
Verified Profile
Patrick Nutt
Verified Profile
- Property Info
Property Overview
• Mr. Clean Car Wash corporate guaranteed lease
• Over 18.5 years remaining with 4 (5-year) option periods to extend
• The lease features 1.25% annual rental increases throughout the initial term and option periods
• The investment is strategically located along S. Pine Ave., a major commuter and retail thoroughfare that sees 39,500 vehicles passing by daily
• The asset is located near the highly trafficked, signalized intersection of S. Pine Ave and SE. 32nd St (60,000 VPD)
• The property benefits from has excellent visibility and access via significant street frontage and a large monument sign
• Over 18.5 years remaining with 4 (5-year) option periods to extend
• The lease features 1.25% annual rental increases throughout the initial term and option periods
• The investment is strategically located along S. Pine Ave., a major commuter and retail thoroughfare that sees 39,500 vehicles passing by daily
• The asset is located near the highly trafficked, signalized intersection of S. Pine Ave and SE. 32nd St (60,000 VPD)
• The property benefits from has excellent visibility and access via significant street frontage and a large monument sign
Property Details
- Year Built
- 2022
- Stories
- 1
- Property Subtype
- Storefront, Freestanding
- Lot Size (sq. ft)
- 60,113 SF
Highlights
- 18.5+ Years Remaining | Corporate Guaranteed Lease | Annual Rental Increases | Options To Extend
- Absolute NNN | Fee Simple Ownership | Zero Landlord Responsibilities | No State Income Tax
- Special Tax Advantages | Bonus Depreciation
- National/Credit Tenant Presence | Dense Retail Corridor
- Signalized Intersection | Excellent Visibility & Access | Demographics In 5-mile Trade Area
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