1491 3rd St SW - Car Washes FOR SALE


Winter Haven, FL 33880- Downtown Winter Haven
$6,849,000 USD
646-453-7786
1491 3rd St SW, Winter Haven, FL for Sale
$6,849,000 USD
Car Washes - FOR SALE
1/5
null | 5.55% Cap Rate

1491 3rd St SW
Winter Haven, FL 33880
Downtown Winter Haven


HIGHLIGHTS

  • 2023 Construction | 18+ Years Remaining | Options To Extend | 1.5% Annual Rental Increases | 3.2X Rent Coverage | Top Performing Location
  • Absolute NNN | Zero Landlord Responsibilities
  • Dense Retail Corridor | Proximity To Major Retail Destinations
  • Strong Frontage On 3rd Street SW | Excellent Visibility & Access
  • Strong Demographics In 5-Mile Trade Area

OVERVIEW

• Newly constructed in 2023, offering a modern and operationally efficient facility, tailored to Mister Car Wash’s current prototype • The tenant has over 18 years remaining on the primary term, with four (4) additional five-year renewal options, ensuring secure long-term cash flow • 1.5% annual rental increases throughout the initial term and options, provide steady, long-term NOI growth • The property reports a strong 3.2X rent coverage ratio, demonstrating healthy store-level operating performance • This is a top-performing location, ranked as the #1 most-visited Mister Car Wash in Florida by Placer.ai

FOR SALE DETAILS

PRICE

$6,849,000 USD

PRICE/SF

$1,957 USD /SF

CAP RATE

5.55%

% LEASED

-

TENANCY

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Mister Car Wash | 18+yrs Corp Abs NNN

PROPERTY TYPE

Specialty

PROPERTY SUBTYPE

Car Washes

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

B

YEAR BUILT

2023

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

2.09 AC

LAND SF

91,040 SF

ZONING

C3

APN/PARCEL ID

26-28-32-648030-000026

ASK ABOUT THIS PROPERTY

Richard DorfmanSRS National Net LeaseMore Info
646-453-7786

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Richard DorfmanSRS National Net LeaseMore Info
646-453-7786

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