Car Wash
Brand New EL Car Wash Miami Near FIU
9901 Coral Wy, Miami, FL 33165
Listing Price: $6,800,000
Investment Overview
• Premier Player In Car Wash Industry | National Leader In Average Unit Volume & Member Counts
• A+ Real Estate Portfolio With Primary Focus On South Florida, No Competition Of Scale & Strong Population Growth Drivers
• Major Entry Barriers For Competitors | El Car Wash Is The Only Operator To Significantly Penetrate The South Florida Market
• Key Focus On Monthly Subscription’s Resulting In Significant Recurring Revenue And Fosters Strong Brand Loyalty
• Seasoned Management Team With Broad Skillset
• Acquired By Warburg Pincus, One Of The World’s Largest Private Equity Firm’s With $83b Aum, In July Of 2022
• Florida’s Largest And Fastest-growing Car Wash Brand, With Over 40 Operational Locations. Additionally, There Are 40+ Locations Under Development Across Florida And Michigan, With More Than 15 Set To Open By The End Of The Year
• Official Car Wash Of The Miami Heat & Florida Panthers And Partner Of Baptist Health, The Miami Zoo, Detroit Lions & University Of Central Florida
Brand New EL Car Wash Miami Near FIU
Investment Highlights
- Corporate Guarantee From El Car Wash | Brand New, State-of-the-art Construction With El Car Wash's Latest Prototype And A 120-ft Tunnel
- New 20-year Initial Lease Term | Approximately $10.3MM+ In Guaranteed Income
- 2% Annual Rent Increases Throughout The Initial Term And Options | Avg Cap Rate Of 7.29% Over The Base Lease Term (Assuming Purchase At List Price)
- Only Express Car Wash Built In The Miami Submarket Of Westchester In The Past 40 Years
- Excellent Access & Visibility From SW 24th St / Coral Way Which Sees 38,500 Vehicles Per Day / Left Turn- In
- Dense Area With Brand-driven Demographics | Within A 3-mile Radius Population Exceeds 210,000+ Residents With An Average HH Income Of ±$95,000 & Strong Daytime Population Of 218,000 | 84% Hispanic Neighborhood
- FIU (Florida International University) | Less Than 1.5 Miles From The Property | FIU Is The 2nd Largest College In Florida With Over 58,000 Students Enrolled.
- Qualifies for First Year Bonus Depreciation of 60% (Approx. $1,207,680)
Exclusively Listed By
Financing By
Listing Price: $6,800,000
Investment Highlights
- Corporate Guarantee From El Car Wash | Brand New, State-of-the-art Construction With El Car Wash's Latest Prototype And A 120-ft Tunnel
- New 20-year Initial Lease Term | Approximately $10.3MM+ In Guaranteed Income
- 2% Annual Rent Increases Throughout The Initial Term And Options | Avg Cap Rate Of 7.29% Over The Base Lease Term (Assuming Purchase At List Price)
- Only Express Car Wash Built In The Miami Submarket Of Westchester In The Past 40 Years
- Excellent Access & Visibility From SW 24th St / Coral Way Which Sees 38,500 Vehicles Per Day / Left Turn- In
- Dense Area With Brand-driven Demographics | Within A 3-mile Radius Population Exceeds 210,000+ Residents With An Average HH Income Of ±$95,000 & Strong Daytime Population Of 218,000 | 84% Hispanic Neighborhood
- FIU (Florida International University) | Less Than 1.5 Miles From The Property | FIU Is The 2nd Largest College In Florida With Over 58,000 Students Enrolled.
- Qualifies for First Year Bonus Depreciation of 60% (Approx. $1,207,680)
Investment Overview
• Premier Player In Car Wash Industry | National Leader In Average Unit Volume & Member Counts • A+ Real Estate Portfolio With Primary Focus On South Florida, No Competition Of Scale & Strong Population Growth Drivers • Major Entry Barriers For Competitors | El Car Wash Is The Only Operator To Significantly Penetrate The South Florida Market • Key Focus On Monthly Subscription’s Resulting In Significant Recurring Revenue And Fosters Strong Brand Loyalty • Seasoned Management Team With Broad Skillset • Acquired By Warburg Pincus, One Of The World’s Largest Private Equity Firm’s With $83b Aum, In July Of 2022 • Florida’s Largest And Fastest-growing Car Wash Brand, With Over 40 Operational Locations. Additionally, There Are 40+ Locations Under Development Across Florida And Michigan, With More Than 15 Set To Open By The End Of The Year • Official Car Wash Of The Miami Heat & Florida Panthers And Partner Of Baptist Health, The Miami Zoo, Detroit Lions & University Of Central Florida
Exclusively Listed By
Financing By
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