3635 Lakeland Highlands Rd - Car Washes FOR SALE


Lakeland, FL 33803- City of Lakeland | 
$6,371,681 USD
212-715-1031
3635 Lakeland Highlands Rd, Lakeland, FL for Sale
$6,371,681 USD
Car Washes - FOR SALE
1/3
null | 5.65% Cap Rate

3635 Lakeland Highlands Rd
Lakeland, FL 33803
City of Lakeland


HIGHLIGHTS

  • 100% Bonus Depreciation Eligible
  • Lease Guaranteed By Summit Wash Holdings | One of the Top Car Wash Operators
  • New 20-Year Triple Net Lease
  • Institutional Backing
  • Income Tax Free State
  • Strong Retail And Commercial Market

OVERVIEW

Surmount is pleased to present the exclusive listing for a Summit Wash Holdings (d.b.a Waters Car Wash) located at 3635 Lakeland Highlands Road, Lakeland, FL 33803. The site consists of roughly 3,500 rentable square feet of building space on an estimated .95-acre parcel of land. Summit Wash Holdings (d.b.a Waters Car Wash) is subject to a 20-year Triple Net (NNN) lease which will commence upon close of escrow. The annual rent will be $360,000 and has scheduled increases of 1.50% Annually.

FOR SALE DETAILS

PRICE

$6,371,681 USD

PRICE/SF

$1,820 USD /SF

CAP RATE

5.65%

% LEASED

-

TENANCY

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Summit Wash Holdings (d.b.a Waters Car Wash)

PROPERTY TYPE

Specialty

PROPERTY SUBTYPE

Car Washes

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

C

YEAR BUILT

2020

SPRINKLERS

-

PARKING SPACES

3

LAND DETAILS

LAND ACRES

0.95 AC

LAND SF

41,382 SF

ZONING

GC

APN/PARCEL ID

24-28-32-263536-000030

ASK ABOUT THIS PROPERTY

Nicoletti DePaulSurmountMore Info
212-715-1031

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Nicoletti DePaulSurmountMore Info
212-715-1031

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