2300 Michigan Ave - Car Washes FOR SALE


Panama City, FL 32405- Pretty Bayou
$6,336,000 USD
980-485-4469
2300 Michigan Ave, Panama City, FL for Sale
$6,336,000 USD
Car Washes - FOR SALE
1/27
null | 6.25% Cap Rate

2300 Michigan Ave
Panama City, FL 32405
Pretty Bayou


HIGHLIGHTS

  • 15 year long lease term
  • High visibility
  • 100% Bonus depreciation
  • Brand new construction
  • 39k + VPD along W 23rd St. (State Rd. 368)

OVERVIEW

Dash Commercial Real Estate Advisors is pleased to exclusively present the opportunity to acquire a brand new trophy class Car Wash sale leaseback in Panama City FL. Built in 2025 with a state of the art automatic tunnel car wash and 16 Self Serve Vacuum stations, this Sale Leaseback is a perfect opportunity to get into the highly competitive car wash industry with a brand new long term lease along a highly trafficked road in Panama City. Investors can also take advantage of Bonus Depreciation.

FOR SALE DETAILS

PRICE

$6,336,000 USD

PRICE/SF

$6,336 USD /SF

CAP RATE

6.25%

% LEASED

-

TENANCY

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Specialty

PROPERTY SUBTYPE

Car Washes

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

B

YEAR BUILT

2025

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.12 AC

LAND SF

48,787 SF

ZONING

GC 1

APN/PARCEL ID

26989-000-000

ASK ABOUT THIS PROPERTY

John DudashDash Commercial Real Estate AdvisorsMore Info
980-485-4469

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John DudashDash Commercial Real Estate AdvisorsMore Info
980-485-4469

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