Car Wash
LUV Car Wash
1718 Verdad St, Green Cove Springs, FL 32043
Listing Price: $4,850,000
Cap Rate
6.75%
Tenant Name
LUV Car Wash
Guarantor
Corporate Guarantee
Rentable SF
3,520
Lease Type
Absolute Net
Rent Per Square Feet
$102.98
Investment Overview
1718 Verdad St, Green Cove Springs, FL 32043
LUV Car Wash
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 | Wendy's, McDonald's, Dollar General, Ford, GMC, Subway,Hardee's, Speedway, Dodge, Advance Auto Parts, Verizon and Many More
- Frontage Along Highway 17/Coastal Highway (32,000 VPD) which ConnectsDowntown Jacksonville to Punta Gorda, FL
Exclusively Listed By
Broker of Record
Financing By
Listing Price: $4,850,000
Cap Rate
6.75%
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 | Wendy's, McDonald's, Dollar General, Ford, GMC, Subway,Hardee's, Speedway, Dodge, Advance Auto Parts, Verizon and Many More
- Frontage Along Highway 17/Coastal Highway (32,000 VPD) which ConnectsDowntown Jacksonville to Punta Gorda, FL
Investment Overview
1718 Verdad St, Green Cove Springs, FL 32043
Exclusively Listed By
Broker of Record
Financing By
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