Car Wash
Caliber Car Wash
600 E Eau Gallie Blvd, Indian Harbour Beach, FL 32937
Listing Price: $5,652,174
Investment Overview
Marcus & Millichap is pleased to present the exclusive listing for a Caliber Wash located at 600 E. Eau Gallie Blvd in Indian Harbour Beach, FL. The site will consist of roughly 4,332 rentable square feet of building space and sits on an estimated 1.22 acre lot. 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 $325,000 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
Exclusively Listed By
Broker of Record
Listing Price: $5,652,174
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
Investment Overview
Marcus & Millichap is pleased to present the exclusive listing for a Caliber Wash located at 600 E. Eau Gallie Blvd in Indian Harbour Beach, FL. The site will consist of roughly 4,332 rentable square feet of building space and sits on an estimated 1.22 acre lot. 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 $325,000 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
