150 McCoy Way - Specialty FOR SALE


Saint Augustine, FL 32095- Greater St Augustine
$7,307,471 USD
512-573-0101
150 McCoy Way, Saint Augustine, FL for Sale
$7,307,471 USD
Specialty - FOR SALE
1/1
null | 7% Cap Rate

150 McCoy Way
Saint Augustine, FL 32095
Greater St Augustine


HIGHLIGHTS

  • 2024 construction with 19 years remaining on a corporate signed lease
  • 1.25% annual rental increases throughout the initial term and option periods
  • Tenant pays for CAM, taxes, insurance and maintains all aspects of the premises
  • Dense Retail Corridor with major tenants
  • Affluent area with an average household income above 140,804 within a 3-mile radius
  • Population expected to reach over 450,000 by 2040

OVERVIEW

Stonecliff is proud to present an exceptional investment opportunity: the fee-simple interest in a brand-new, single-tenant Mr. Clean Car Wash strategically located along Dixie Highway in the affluent and fast-growing St. Augustine market. Backed by a 19+ year corporate guaranteed lease with four 5-year extension options, this asset ensures long term income stability with 1.25% annual rental increases throughout the primary term and option periods. The lease is structured as an absolute triple-net (NNN), meaning the tenant is responsible for CAM, property taxes, insurance, and all maintenance, making this a true zero-landlord-responsibility investment—ideal for passive or out-of-state investors seeking stable, predictable returns. This Mr. Clean Car Wash stands at a high-visibility, high-traffic location with direct frontage on Dixie Highway, featuring over 30,000 vehicles per day and prominent signage. The site sits in a dense retail corridor co-anchored by national tenants including Dutch Bros, Take 5 Oil Change, Circle K, Starbucks, Burger King, and Publix, benefiting from robust cross-traffic and consumer draw. Located in St. Johns County—Florida’s fastest-growing county—this property is situated in an area with strong economic fundamentals and exceptional demographics. The average household income within a 3-mile radius exceeds $140,804, and the population is projected to grow to 450,000 by 2040. Proximity to the Northeast Florida Regional Airport, which sees over 300 daily flights, adds to the area’s logistical and economic advantages. Investors will also benefit from valuable tax advantages, including eligibility for bonus depreciation. Under the 2025 tax code, investors may qualify for a 100% bonus depreciation deduction on store equipment, significantly enhancing after-tax returns.

FOR SALE DETAILS

PRICE

$7,307,471 USD

PRICE/SF

$2,282 USD /SF

CAP RATE

7%

% LEASED

-

TENANCY

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Mr. Clean CarWash

PROPERTY TYPE

Specialty

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

B

YEAR BUILT

2024

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.2 AC

LAND SF

52,272 SF

ZONING

-

APN/PARCEL ID

-

ASK ABOUT THIS PROPERTY

Teddy LeonardStonecliff Real EstateMore Info
512-573-0101

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Teddy LeonardStonecliff Real EstateMore Info
512-573-0101

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