Car Wash
Caliber Car Wash
815 S Pine Ave, Ocala, FL 34471
Listing Price: $5,217,391
Investment Overview
Marcus & Millichap is pleased to present the exclusive listing for a Caliber Wash located at 815 south Pine Avenue in Ocala, FL. The site will consist of roughly 7,948 rentable square feet of building space on an estimated 1.15-acre parcel of land. The car wash is subject to a 20-year absolute triple-net (NNN) sale-leaseback, which will commence upon close of escrow. The initial annual rent will be $300,000 and is scheduled to increase by one-and-one-quarter percent (1.25%) annually throughout the base term and in each of the four (4), five (5)-year renewal options.
Caliber Car Wash
Investment Highlights
- 20-Year Triple-Net (NNN) Sale-Leaseback: At closing the Tenant will execute a brand new 20-year absolute triple-net (NNN) lease. The lease will have no landlord responsibilities.
- Corporate Guarantee: The lease will be subject to a Corporate Guarantee from Clydesdale Holdings, LLC.
- Attractive Rental Increases: The lease will feature one and one quarter (1.25%) rental increases annually that will continue through the base term and into the four, five-year tenant renewal option pe
Exclusively Listed By
Broker of Record
Listing Price: $5,217,391
Investment Highlights
- 20-Year Triple-Net (NNN) Sale-Leaseback: At closing the Tenant will execute a brand new 20-year absolute triple-net (NNN) lease. The lease will have no landlord responsibilities.
- Corporate Guarantee: The lease will be subject to a Corporate Guarantee from Clydesdale Holdings, LLC.
- Attractive Rental Increases: The lease will feature one and one quarter (1.25%) rental increases annually that will continue through the base term and into the four, five-year tenant renewal option pe
Investment Overview
Marcus & Millichap is pleased to present the exclusive listing for a Caliber Wash located at 815 south Pine Avenue in Ocala, FL. The site will consist of roughly 7,948 rentable square feet of building space on an estimated 1.15-acre parcel of land. The car wash is subject to a 20-year absolute triple-net (NNN) sale-leaseback, which will commence upon close of escrow. The initial annual rent will be $300,000 and is scheduled to increase by one-and-one-quarter percent (1.25%) annually throughout the base term and in each of the four (4), five (5)-year renewal options.
Exclusively Listed By
Broker of Record
