63 Little Cypress Dr - Car Washes FOR SALE


Saint Johns, FL 32259
$6,405,000 USD
954-302-7365
63 Little Cypress Dr, Saint Johns, FL for Sale
$6,405,000 USD
Car Washes - FOR SALE
1/10
null | 6.5% Cap Rate

63 Little Cypress Dr
Saint Johns, FL 32259


HIGHLIGHTS

  • 17+ Years Remaining | Corporate Signature | Options To Extend | Rapidly Growing Tenant | Annual Rental Increases
  • 100% Bonus Depreciation Eligible
  • Absolute NNN | Fee Simple Ownership | Zero Landlord Responsibilities | No State Income Tax
  • Surrounding Housing Developments | The Cove | Atlantica Isles | Elysian | Direct Consumer Base | Apart of Grand Cypress
  • Interstate 95 (126,000 VPD) | Fronting Race Track Rd (19,000 VPD) | Excellent Visibility & Accessibility
  • Durbin Pavilion | Dense Retail Corridor| High performing Nearby Retailers

OVERVIEW

• There are 17+ years remaining on the initial lease term, with 4 (5-year) options to extend, demonstrating the tenant’s long-term commitment to the site • 1.50% annual increases throughout the initial term and options, steadily growing NOI and hedging against inflation • LUV Car Wash is a rapidly growing express car wash operator with approximately 84 locations across its current network and continues to expand its platform through strategic acquisitions, including recent Los Angeles-area acquisitions of Champion Car Wash and La Cienega Car Wash • The subject property may be eligible for 100% bonus depreciation; please consult with a qualified tax advisor

FOR SALE DETAILS

PRICE

$6,405,000 USD

PRICE/SF

$1,531 USD /SF

CAP RATE

6.5%

% LEASED

-

TENANCY

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

LUV Car Wash - Jacksonville (St Johns) FL

PROPERTY TYPE

Specialty

PROPERTY SUBTYPE

Car Washes

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

B

YEAR BUILT

2024

SPRINKLERS

-

PARKING SPACES

19

LAND DETAILS

LAND ACRES

1.09 AC

LAND SF

47,480 SF

ZONING

PUD

APN/PARCEL ID

023430-0110

ASK ABOUT THIS PROPERTY

Patrick NuttSRS Real Estate PartnersMore Info
954-302-7365

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Patrick NuttSRS Real Estate PartnersMore Info
954-302-7365

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