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1527 S Chiquita Blvd - NOW OPEN: Includes Equipment

5,247 SF Specialty Building Offered at $7,552,466 at a 7.50% Cap Rate in Cape Coral, FL 33991

Car Washes Florida Cape Coral 1527 S Chiquita Blvd, Cape Coral, FL 33991

Investment Highlights

  • INCLUDES CAR WASHING EQUIPMENT FOR ADDITIONAL DEPRECIATION
  • 20-Year Lease
  • Absolute NNN

Executive Summary

• Single-Tenant Tommy’s Express Car Wash:
° Private equity backed, rapidly growing franchisee
° Absolute NNN lease, zero landlord responsibilities
° 20-year initial lease term with four, 5-year options
° 10% increases every 5-years and option periods
• About Tommy’s Express:
° 185 locations with numerous new sites set to open in 2024
° #7 largest express car wash platform in the nation
° 50+ years in the Car Wash Business
° #1 car wash on Franchise 500’s List
• Brand New 2024 Construction: Tommy’s Latest

Attachments

Tommys Express Car Wash - Cape Coral, FL (Chiquita) - OM

Property Facts

Price $7,552,466 Property Subtype Car Wash
Price Per SF $1,439 Building Class B
Sale Type Investment Lot Size 2.12 AC
Cap Rate 7.50% Building Size 5,247 SF
Sale Conditions
1031 Exchange
  • Build to Suit
 No. Stories 1
Property Type Specialty Year Built 2024
Price $7,552,466
Price Per SF $1,439
Sale Type Investment
Cap Rate 7.50%
Sale Conditions
1031 Exchange
  • Build to Suit
Property Type Specialty
Property Subtype Car Wash
Building Class B
Lot Size 2.12 AC
Building Size 5,247 SF
No. Stories 1
Year Built 2024

Links

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PROPERTY TAXES

Parcel Number 22-44-23-C4-04433.0010 Improvements Assessment $0
Land Assessment $786,072 Total Assessment $786,072

PROPERTY TAXES

Parcel Number
22-44-23-C4-04433.0010
Land Assessment
$786,072
Improvements Assessment
$0
Total Assessment
$786,072
(949) 431-2735

Contacts

  • Listing ID: 33535536

  • Date on Market: 10/16/2024

  • Last Updated:

  • Address: 1527 S Chiquita Blvd, Cape Coral, FL 33991

More public record information on 1527 S Chiquita Blvd, Cape Coral, FL 33991

The Specialty Property at 1527 S Chiquita Blvd, Cape Coral, FL 33991 is currently available for sale. Contact RealSource Group for more information.

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1527 S Chiquita Blvd - NOW OPEN: Includes Equipment
(949) 431-2735 x

1527 S Chiquita Blvd - NOW OPEN: Includes Equipment

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Austin Blodgett

(949) 431-2735

(949) 431-2735

Jonathan Schiffer

(949) 688-1280

(949) 688-1280

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