1684 N Lecanto Hwy - Car Washes FOR SALE


Lecanto, FL 34461
$6,323,973 USD
1684 N Lecanto Hwy, Lecanto, FL for Sale
$6,323,973 USD
Car Washes - FOR SALE
1/3
null | 6.5% Cap Rate

1684 N Lecanto Hwy
Lecanto, FL 34461


OVERVIEW

CBRE is pleased to present the exclusive offering of a newly constructed Tidal Wave Auto Spa located at 1684 N. Lecanto Hwy in Lecanto, Florida. The property is 100% occupied under a 20-year absolute triple net lease with approximately 17 years of remaining term with New Potato Creek Holdings, LLC, a Georgia limited liability company operating as Tidal Wave Auto Spa. The lease includes 1.5% annual increases for the duration of the original term, and extends into all four, 5-year options. The tenant occupies 2.22 acres along N Lecanto Highway, a primary commercial corridor in Lecanto with exposure to over 17,500 VPD. This property benefits from the nearby strong national tenants, including Walmart Supercenter, Hobby Lobby, Target, and Aldi.

FOR SALE DETAILS

PRICE

$6,323,973 USD

PRICE/SF

$2,175 USD /SF

CAP RATE

6.5%

% LEASED

-

TENANCY

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Tidal Wave Auto Spa

PROPERTY TYPE

Specialty

PROPERTY SUBTYPE

Car Washes

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

C

YEAR BUILT

2023

SPRINKLERS

-

PARKING SPACES

33

LAND DETAILS

LAND ACRES

2.22 AC

LAND SF

96,703 SF

ZONING

GNC

APN/PARCEL ID

18E-18S-28-0000-12400

ASK ABOUT THIS PROPERTY

Michael KaiderCBRE, Inc.More Info

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Michael KaiderCBRE, Inc.More Info

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