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42321 US-27 Hwy - El Car Wash

1,500 SF Specialty Building Offered at $6,800,000 at a 6.25% Cap Rate in Davenport, FL 33837

INVESTMENT HIGHLIGHTS

  • Long-Term Absolute Triple-Net Lease
  • Corporate Guarantee
  • Attractive Rent Increases

EXECUTIVE SUMMARY

NNN Pro is pleased to present the exclusive listing for an El Car Wash located at 42321 HWY 27, Davenport, FL 33837. The site consists of roughly 1,500 rentable square feet of building space on an estimated 0.75-acre parcel of land. This El Car Wash is subject to a 20 Years-year Triple Net (NNN) lease which will commence upon close of escrow. The annual rent will be $425,000 and has scheduled increases of 2.00% Annually

PROPERTY FACTS

Price $6,800,000
Price Per SF $4,533.33
Sale Type Investment
Cap Rate 6.25%
Property Type Specialty
Property Subtype Car Wash
Building Class B
Lot Size 0.75 AC
Building Size 1,500 SF
No. Stories 1
Year Built 2024
Parking Ratio 10/1,000 SF

PROPERTY TAXES

PROPERTY TAXES

Parcel Numbers
Multiple
  • 27-26-20-705500-030170
  • 27-26-20-705500-030320
Land Assessment
$2,661,135
Improvements Assessment
$0
Total Assessment
$2,661,135
  • Listing ID: 32917699

  • Date on Market: 8/22/2024

  • Last Updated:

  • Address: 42321 US-27 Hwy, Davenport, FL 33837

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