181 NW 180th Ave - El Car Wash
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181 NW 180th Ave - El Car Wash
3,752 SF Specialty Building Offered at $6,800,000 at a 6.25% Cap Rate in Pembroke Pines, FL 33029
Investment Highlights
- 20-Year Triple-Net (NNN) Lease: At Closing the Tenant will Execute A Brand New 20-Year Absolute Triple-Net Lease | Lease will Have No Landlord Respo
- Accelerated Depreciation: The Properties Qualify for 15-Year Accelerated Depreciation as well as Bonus Depreciation
- Corporate Guarantee: The Lease will be Subject to a Corporate Guarantee by El Car Washes 30+ Units
Executive Summary
NNN Pro Group is pleased to present the exclusive listing for an El Car Wash located at 181 NW 180th Ave in Pembroke Pines, FL. The site consists of roughly 3,752 rentable square feet of building space on estimated 1.00-acre parcel of land. This El Car Wash is subject to a 20-year absolute triple-net (NNN) lease, which will commence at the close of escrow. The current annual rent is $425,000 and is scheduled to increase by 2% annually throughout the base term and in each of the 6, 5-year renewal options.
Property Facts
| Price | $6,800,000 | Property Subtype | Car Wash |
| Price Per SF | $1,812 | Lot Size | 1.00 AC |
| Sale Type | Investment | Building Size | 3,752 SF |
| Cap Rate | 6.25% | No. Stories | 1 |
| Property Type | Specialty | Year Built | 2023 |
| Price | $6,800,000 |
| Price Per SF | $1,812 |
| Sale Type | Investment |
| Cap Rate | 6.25% |
| Property Type | Specialty |
| Property Subtype | Car Wash |
| Lot Size | 1.00 AC |
| Building Size | 3,752 SF |
| No. Stories | 1 |
| Year Built | 2023 |
PROPERTY TAXES
| Parcel Number | 51-40-07-02-4180 | Improvements Assessment | $253,060 |
| Land Assessment | $1,099,690 | Total Assessment | $1,352,750 |
PROPERTY TAXES
Parcel Number
51-40-07-02-4180
Land Assessment
$1,099,690
Improvements Assessment
$253,060
Total Assessment
$1,352,750
zoning
| Zoning Code | Comm1 (Commercial) |
| Comm1 (Commercial) |
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Power Broker Glen Kunofsky -
Ryan Sblendorio -
Howie Curd -
Luke Babcock -
NNN Pro Group
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181 NW 180th Ave - El Car Wash
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