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Auto Service - Gas-Conv

Roadrunner Express Lube | Absolute Net

4825 Babcock St NE, Palm Bay, FL 32905

Listing Price: $840,000

Cap Rate
5.00%
Tenant Name
Southern Express Carwash, Inc.
Years Remaining On Lease
7.0
Gross SF
1,950
Guarantor
Corporate Guarantee
Rentable SF
1,950
Price/Gross SF
$430.77
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$21.54

Investment Overview

Marcus & Millichap is pleased to present the property known as Valvoline Express Care located at 4825 Babcock St NE, Palm Bay, Florida. The property is comprised of 1,950 square foot building situated on .64 Acres.

Investment Highlights

  • Over 7 Years Remaining on Current Lease Term Plus Two Additional Five-Year Options
  • 10% Rent Escalations Each Five-Year Period
  • Below Market Rents and Significant Sales Growth
  • Absolute Net Lease - Zero Landlord Responsibilities
  • Southern Express Carwash, Inc. (Tenant) is an Experienced Quick Lube and Car Wash Operator, Currently Operating Nine Locations throughout Florida.

Exclusively Listed By

Financing By

Auto Service - Gas-Conv

Roadrunner Express Lube | Absolute Net

Listing Price: $840,000

Cap Rate
5.00%
Tenant Name
Southern Express Carwash, Inc.
Years Remaining On Lease
7.0
Gross SF
1,950
Guarantor
Corporate Guarantee
Rentable SF
1,950
Price/Gross SF
$430.77
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$21.54

Investment Highlights

  • Over 7 Years Remaining on Current Lease Term Plus Two Additional Five-Year Options
  • 10% Rent Escalations Each Five-Year Period
  • Below Market Rents and Significant Sales Growth
  • Absolute Net Lease - Zero Landlord Responsibilities
  • Southern Express Carwash, Inc. (Tenant) is an Experienced Quick Lube and Car Wash Operator, Currently Operating Nine Locations throughout Florida.

Investment Overview

Marcus & Millichap is pleased to present the property known as Valvoline Express Care located at 4825 Babcock St NE, Palm Bay, Florida. The property is comprised of 1,950 square foot building situated on .64 Acres.

Exclusively Listed By

Financing By

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