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Car Wash

LUV Car Wash

1718 Verdad St, Green Cove Springs, FL 32043

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

1718 Verdad St, Green Cove Springs, FL 32043

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

  • 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 | 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

  • Ryan Nee

    Senior Vice President/ Division Manager

    (954) 245-3400

    License(s): FL: BK3154667

    Florida

Financing By

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