2043 FL 60 - Car Washes FOR SALE


Lake Wales, FL 33898
$3,528,000 USD
407-929-1355
2043 FL 60, Lake Wales, FL for Sale
$3,528,000 USD
Car Washes - FOR SALE
1/5
null | 6.85% Cap Rate

2043 FL 60
Lake Wales, FL 33898


HIGHLIGHTS

  • Corporate Guaranteed Lease: Backed by Caliber Car Wash, one of the fastest-growing express car wash brands in the Southeast with a proven track record
  • Long-Term Absolute NNN Lease: 20-year corporate-guaranteed lease with zero landlord responsibilities.
  • Built-In Rent Growth: Annual 1.25% increases throughout the base term and options with a current attractive yield of 6.85% Cap  on current rent.
  • Accelerated Depreciation: 2021 construction qualifies for cost segregation, allowing investors to potentially capture substantial early tax benefits.
  • Prime Highway Frontage: Excellent visibility along Highway 60, a major east-west corridor through Central Florida with 25,000 vehicles per day.
  • High-Growth Market: Located in Lake Wales, a rapidly developing submarket of Polk County—one of Florida’s fastest-growing counties.

OVERVIEW

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.

FOR SALE DETAILS

PRICE

$3,528,000 USD

PRICE/SF

$1,205 USD /SF

CAP RATE

6.85%

% LEASED

-

TENANCY

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Specialty

PROPERTY SUBTYPE

Car Washes

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

B

YEAR BUILT

2021

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.98 AC

LAND SF

42,689 SF

ZONING

C

APN/PARCEL ID

28-30-06-000000-024040

ASK ABOUT THIS PROPERTY

Tarek ChbeirMarcus & MillichapMore Info
407-929-1355

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Tarek ChbeirMarcus & MillichapMore Info
407-929-1355

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