520 W Granada Blvd - Car Washes FOR SALE
Ormond Beach, FL 32174 |
520 W Granada Blvd
Ormond Beach, FL 32174
HIGHLIGHTS
- Extremely High-Volume Corporate Camel Express Car Wash (Magnolia Wash Holdings) in Coastal Florida Location
- Corporate guaranteed lease (98 locations with 120 by the end of 2023)
- Absolute NNN lease with no landlord responsibilities; 20-year initial lease term with 1.50% annual increases
- Strong balance sheet & backed by Oaktree Capital who acquired a majority ownership position in July 2023 ($172 billion in assets under management)
- Service-Based, Internet Resistant, and Recession-Proof Investment Poised for Long-Term Success
- Part of Deltona-Daytona Beach-Ormond Beach MSA: One of the top 10 largest MSA’s in state of FL which hosted more than 10.6 million visitors in 2022
FOR SALE DETAILS
PRICE
-
CAP RATE
-
% LEASED
-
TENANCY
-
BUILDING DETAILS
PROPERTY NAME
Camel Premium Express Car Wash
PROPERTY TYPE
Specialty
PROPERTY SUBTYPE
Car Washes
TOTAL BUILDING SIZE
4120
STORIES
1
BUILDING CLASS
B
YEAR BUILT
2020
SPRINKLERS
-
PARKING SPACES
37
LAND DETAILS
LAND ACRES
1.45 AC AC
LAND SF
63,162 SF
ZONING
-
APN/PARCEL ID
4241-48-00-0010
