Car Wash
Caliber Car Wash | Corporate Guarantee | ABS NNN | 1.25% Annual Bumps
2043 FL-60, Lake Wales, FL 33898
Listing Price: $3,528,000
Investment Overview
Marcus & Millichap is pleased to present 2043 Highway 60 E in Lake Wales, Florida, an absolute NNN investment backed by a corporate and personal guarantee from Caliber Car Wash.
Built in 2021, the 2,928-square-foot property sits on 0.98 acres and is offered at $3,528,000 with a 6.85% cap rate. The lease has 16 years remaining, with four 5-year renewal options, bringing the total potential lease term to 36 years. It also features annual 1.25% rent increases throughout the base and option periods.
This true passive investment requires no landlord responsibilities, as the tenant covers all taxes, insurance, maintenance, and repairs & replacements.
Positioned along Highway 60, a major Central Florida corridor, the site benefits from strong visibility and proximity to national retailers like Publix, Walmart, Lowe’s, and Walgreens. With modern construction, corporate credit, and long-term lease stability, this asset offers dependable income in a high-growth Florida market.
Caliber Car Wash | Corporate Guarantee | ABS NNN | 1.25% Annual Bumps
Investment Highlights
- Corporate Guaranteed Lease: Backed by Caliber Car Wash, one of the fastest-growing express car wash brands in the Southeast with a proven track record of performance.
- Long-Term Absolute NNN Lease: 20-year corporate-guaranteed lease with zero landlord responsibilities, tenant covers all taxes, insurance, CAM, repairs, and replacements.
- Built-In Rent Growth: Annual 1.25% increases throughout the base term and options with a current attractive yield of 6.85% Cap on current rent.
- Accelerated Depreciation: 2021 construction qualifies for cost segregation, allowing investors to potentially capture substantial early tax benefits.
- Prime Highway Frontage: Excellent visibility along Highway 60, a major east-west corridor through Central Florida with 25,000 vehicles per day.
- High-Growth Market: Located in Lake Wales, a rapidly developing submarket of Polk County—one of Florida's fastest-growing counties with over 15,000 new homes approved.
- High-Growth Market: Located in Lake Wales, a rapidly developing submarket of Polk County—one of Florida's fastest-growing counties with over 15,000 new homes approved.
- Surrounded by National Retailers: Adjacent to Publix, Walmart Supercenter, Lowe's, Walgreens, and Chick-fil-A, reinforcing strong traffic and consumer draw.
Exclusively Listed By
Financing By
Car Wash
Caliber Car Wash | Corporate Guarantee | ABS NNN | 1.25% Annual Bumps
Listing Price: $3,528,000
Investment Highlights
- Corporate Guaranteed Lease: Backed by Caliber Car Wash, one of the fastest-growing express car wash brands in the Southeast with a proven track record of performance.
- Long-Term Absolute NNN Lease: 20-year corporate-guaranteed lease with zero landlord responsibilities, tenant covers all taxes, insurance, CAM, repairs, and replacements.
- Built-In Rent Growth: Annual 1.25% increases throughout the base term and options with a current attractive yield of 6.85% Cap on current rent.
- Accelerated Depreciation: 2021 construction qualifies for cost segregation, allowing investors to potentially capture substantial early tax benefits.
- Prime Highway Frontage: Excellent visibility along Highway 60, a major east-west corridor through Central Florida with 25,000 vehicles per day.
- High-Growth Market: Located in Lake Wales, a rapidly developing submarket of Polk County—one of Florida's fastest-growing counties with over 15,000 new homes approved.
- High-Growth Market: Located in Lake Wales, a rapidly developing submarket of Polk County—one of Florida's fastest-growing counties with over 15,000 new homes approved.
- Surrounded by National Retailers: Adjacent to Publix, Walmart Supercenter, Lowe's, Walgreens, and Chick-fil-A, reinforcing strong traffic and consumer draw.
Investment Overview
Marcus & Millichap is pleased to present 2043 Highway 60 E in Lake Wales, Florida, an absolute NNN investment backed by a corporate and personal guarantee from Caliber Car Wash. Built in 2021, the 2,928-square-foot property sits on 0.98 acres and is offered at $3,528,000 with a 6.85% cap rate. The lease has 16 years remaining, with four 5-year renewal options, bringing the total potential lease term to 36 years. It also features annual 1.25% rent increases throughout the base and option periods. This true passive investment requires no landlord responsibilities, as the tenant covers all taxes, insurance, maintenance, and repairs & replacements. Positioned along Highway 60, a major Central Florida corridor, the site benefits from strong visibility and proximity to national retailers like Publix, Walmart, Lowe’s, and Walgreens. With modern construction, corporate credit, and long-term lease stability, this asset offers dependable income in a high-growth Florida market.
Exclusively Listed By
Financing By
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