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Car Wash

Caliber Car Wash

600 E Eau Gallie Blvd, Indian Harbour Beach, FL 32937

Listing Price: $5,652,174

Cap Rate
5.75%
Tenant Name
Caliber Car Wash
Years Remaining On Lease
19.7
Guarantor
Corporate Guarantee
Rentable SF
4,332
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$75.02

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.

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

  • 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

Listing Price: $5,652,174

Cap Rate
5.75%
Tenant Name
Caliber Car Wash
Years Remaining On Lease
19.7
Guarantor
Corporate Guarantee
Rentable SF
4,332
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$75.02

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

  • 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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