1275 N Military Trl - Car Washes FOR SALE


West Palm Beach, FL 33409
$5,877,460 USD
203-253-9455
1275 N Military Trl, West Palm Beach, FL for Sale
$5,877,460 USD
Car Washes - FOR SALE
1/3
null | 6.5% Cap Rate

1275 N Military Trl
West Palm Beach, FL 33409


HIGHLIGHTS

  • Long - Term NNN Lease
  • 100% Bonus Depreciation
  • Institutional - Quality Tenant
  • Prime South Florida Market

OVERVIEW

Surmount is pleased to present the exclusive listing for a Whistle Express located at 1275 North Military Trail, West Palm Beach, FL 33409. The site consists of roughly 6,693 rentable square feet of building space on an estimated 1.42-acre parcel of land. Whistle Express is subject to a 20-year Triple Net (NNN) lease, which commenced 9/8/2022. The current annual rent is $382,035 and has scheduled increases of 2.00% Annually.

FOR SALE DETAILS

PRICE

$5,877,460 USD

PRICE/SF

$878 USD /SF

CAP RATE

6.5%

% LEASED

-

TENANCY

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Whistle Express Car Wash

PROPERTY TYPE

Specialty

PROPERTY SUBTYPE

Car Washes

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

-

YEAR BUILT

2022

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.42 AC

LAND SF

61,812 SF

ZONING

CG

APN/PARCEL ID

00-42-43-25-39-001-0000

ASK ABOUT THIS PROPERTY

Edward OtockaSurmountMore Info
203-253-9455

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Edward OtockaSurmountMore Info
203-253-9455

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.