13866 Boggy Creek Rd - Car Washes FOR SALE
Orlando, FL 32824 |
13866 Boggy Creek Rd
Orlando, FL 32824
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 pipeline
- Brand new, state-of-the-art construction with El Car Wash’s latest prototype and a 100-ft tunnel
- New, 20-year initial lease term | ±$9.1MM+ in guaranteed income
- Rapidly-growing area | Population has grown 31% since 2020 and is projected to grow 4.31% annually within a 1-mile drive over the next 5 years
- 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
- Within a couple blocks of 1,500+ apartment/multi-family units under development and two planned hotels totaling 250 rooms
FOR SALE DETAILS
PRICE
-
CAP RATE
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% LEASED
-
TENANCY
-
BUILDING DETAILS
PROPERTY NAME
New Corp Car Wash | 20-Yr NNN | 7.59% Avg CAP
PROPERTY TYPE
Specialty
PROPERTY SUBTYPE
Car Washes
TOTAL BUILDING SIZE
3200
STORIES
1
BUILDING CLASS
B
YEAR BUILT
2024
SPRINKLERS
-
PARKING SPACES
24
LAND DETAILS
LAND ACRES
0.78 AC AC
LAND SF
33,977 SF
ZONING
-
APN/PARCEL ID
28-2430-3140-03-000
