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Car Wash

Caliber Car Wash

815 S Pine Ave, Ocala, FL 34471

Listing Price: $5,217,391

Cap Rate
5.75%
Tenant Name
Caliber Car Wash
Years Remaining On Lease
19.7
Guarantor
Corporate Guarantee
Rentable SF
7,948
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$37.75

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.

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

  • Glen D. Kunofsky

    Licensed Associate Real Estate Broker

    (212) 430-5115

    Email Glen

    License(s): NY: 10301203289, NY: 109940808

    Manhattan

Broker of Record

  • Ryan Nee

    Senior Vice President/ Division Manager

    (954) 245-3400

    License(s) FL: BK3154667

    Florida

Car Wash

Caliber Car Wash

Listing Price: $5,217,391

Cap Rate
5.75%
Tenant Name
Caliber Car Wash
Years Remaining On Lease
19.7
Guarantor
Corporate Guarantee
Rentable SF
7,948
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$37.75

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

  • Glen D. Kunofsky

    Licensed Associate Real Estate Broker

    (212) 430-5115

    Email Glen

    License(s): NY: 10301203289, NY: 109940808

    Manhattan

Broker of Record

  • Ryan Nee

    Senior Vice President/ Division Manager

    (954) 245-3400

    License(s): FL: BK3154667

    Florida

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