2043 FL 60 - Car Washes FOR SALE
Lake Wales, FL 33898 |
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 7.10% 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.
FOR SALE DETAILS
PRICE
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CAP RATE
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% LEASED
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TENANCY
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BUILDING DETAILS
PROPERTY TYPE
Specialty
PROPERTY SUBTYPE
Car Washes
TOTAL BUILDING SIZE
2928
STORIES
1
BUILDING CLASS
B
YEAR BUILT
2021
SPRINKLERS
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PARKING SPACES
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LAND DETAILS
LAND ACRES
0.98 AC AC
LAND SF
42,689 SF
ZONING
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APN/PARCEL ID
28-30-06-000000-024040
