8650 Lake Worth Rd | Lake Worth, FL 33467
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- LoopNet Team
8650 Lake Worth Rd
Lake Worth, FL 33467
New Corp Car Wash | 20-Yr NNN, 40% Pop Growth · Retail Property For Sale
INVESTMENT HIGHLIGHTS
- Corporate guarantee from El Car Wash | The largest and fastest-growing car wash brand in FL with 43+ locations open and another 40+ in the pipelinei
- New, 20-year initial lease term | ±$10.3MM+ in guaranteed income
- Conservative Year-3 EBITDAR projection of $1.75MM | Speak with Agent for details
- Brand new, state-of-the-art construction with El Car Wash’s latest prototype and a 90-ft 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
- Excellent access & visibility from Lake Worth Road which boasts 70,000+ VPD
PROPERTY FACTS
Property Type
Retail
Property Subtype
Building Size
3,900 SF
Building Class
B
Year Built
2024
Tenancy
Single
Building Height
1 Story
Building FAR
0.06
Lot Size
1.38 AC
Parking
30 Spaces (7.69 Spaces per 1,000 SF Leased)
PROPERTY TAXES
| Parcel Number | 00-42-44-29-19-003-0030 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $1,908,050 |
PROPERTY TAXES
Parcel Number
00-42-44-29-19-003-0030
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$1,908,050
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