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510 W State Road 434
Winter Springs, FL 32708

El Car Wash | 20-Yr NNN | Nearly 57,000 VPD · Specialty Property For Sale · 6,318 SF

INVESTMENT HIGHLIGHTS

  • Corporate guarantee from El Car Wash | The largest and fastest-growing car wash brand in Florida with 50+ locations open and operating
  • New, 20-year initial lease term | $10.3MM+ in guaranteed income
  • Excellent access & visibility from State Road 434 which boasts 56,920+ VPD
  • Site is scheduled to be re-branded to El Car Wash within the next 6-12 months and will include a 124-foot tunnel
  • Rare, 2% annual rent increases throughout the initial term and options | Avg CAP of 7.59% over the base lease term, assuming purchase at List Price
  • Dense and affluent area | 76,200+ residents with an average HH income exceeding $105,000 within a 10-minute drive

PROPERTY FACTS

Property Type Specialty
Property Subtype Car Wash
Lot Size 1.16 AC
Building Size 6,318 SF
No. Stories 1
Year Built/Renovated 2019/2024
Parking Ratio 4.12/1,000 SF

ZONING

Zoning Code C-1 (Neighborhood Commercial)
C-1 (Neighborhood Commercial)
  • Listing ID: 33586396

  • Date on Market: 10/21/2024

  • Last Updated:

  • Address: 510 W State Road 434, Winter Springs, FL 32708

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