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Car Wash

LUV Car Wash

5500 Beach Blvd, Jacksonville, FL 32207

Listing Price: $5,576,923

Cap Rate
6.50%
Tenant Name
LUV Car Wash
Guarantor
Corporate Guarantee
Rentable SF
3,520
Lease Type
Absolute Net
Rent Per Square Feet
$102.98

Investment Overview

5500 Beach Blvd, Jacksonville, FL

Investment Highlights

  • Long-Term, 20-Year Absolute Triple Net (NNN) Sale-Leaseback
  • Two Percent (2.00%) Annual Rental Increases
  • Four (4), Five (5)-Year Tenant Renewal Options, Bringing the Potential Lease Term to40 Years
  • Full Corporate Guarantee from LUV Car Wash Holdings, LLC (75+ Units)
  • Accelerated & Bonus Depreciation | Properties Qualify for Both 60% BonusDepreciation & 15 Year Accelerated Depreciation
  • Dense Retail Corridor | Walgreens, McDonald's, AutoZone, Dunkin, Chipotle, WingStop, Family Dollar, Arby's, Starbucks, Tropical Smoothie Cafe, Speedway and ManyMore
  • Strong Traffic Counts | Over 40,500, 50,000 and 30,000 Vehicles Per Day AlongBeach Blvd, Commodore Point Expressway and University Blvd, Respectively

Exclusively Listed By

Broker of Record

  • Ryan Nee

    Senior Vice President/ Division Manager

    (954) 245-3400

    License(s) FL: BK3154667

    Florida

Financing By

Listing Price: $5,576,923

Cap Rate
6.50%
Tenant Name
LUV Car Wash
Guarantor
Corporate Guarantee
Rentable SF
3,520
Lease Type
Absolute Net
Rent Per Square Feet
$102.98

Investment Highlights

  • Long-Term, 20-Year Absolute Triple Net (NNN) Sale-Leaseback
  • Two Percent (2.00%) Annual Rental Increases
  • Four (4), Five (5)-Year Tenant Renewal Options, Bringing the Potential Lease Term to40 Years
  • Full Corporate Guarantee from LUV Car Wash Holdings, LLC (75+ Units)
  • Accelerated & Bonus Depreciation | Properties Qualify for Both 60% BonusDepreciation & 15 Year Accelerated Depreciation
  • Dense Retail Corridor | Walgreens, McDonald's, AutoZone, Dunkin, Chipotle, WingStop, Family Dollar, Arby's, Starbucks, Tropical Smoothie Cafe, Speedway and ManyMore
  • Strong Traffic Counts | Over 40,500, 50,000 and 30,000 Vehicles Per Day AlongBeach Blvd, Commodore Point Expressway and University Blvd, Respectively

Investment Overview

5500 Beach Blvd, Jacksonville, FL

Exclusively Listed By

Broker of Record

  • Ryan Nee

    Senior Vice President/ Division Manager

    (954) 245-3400

    License(s): FL: BK3154667

    Florida

Financing By

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