Marcus & Millichap’s TC Retail Group is pleased to present 2043 Highway 60 E in Lake Wales, Florida, an absolute NNN investment backed by a corporate and personal guarantee from Caliber Car Wash.
Built in 2021, the 2,928-square-foot property sits on 0.98 acres and is offered at $3,528,000 with a 6.85% cap rate. The lease has 16 years remaining, with four 5-year renewal options, bringing the total potential lease term to 36 years. It also features annual 1.25% rent increases throughout the base and option periods.
This true passive investment requires no landlord responsibilities, as the tenant covers all taxes, insurance, maintenance, and repairs & replacements.
Positioned along Highway 60, a major Central Florida corridor, the site benefits from strong visibility and proximity to national retailers like Publix, Walmart, Lowe’s, and Walgreens. With modern construction, corporate credit, and long-term lease stability, this asset offers dependable income in a high-growth Florida market.