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Miscellaneous

Twins Car Wash Melbourne

4860 N Wickham Road, Melbourne, FL 32940

Listing Price: $4,958,000

Cap Rate
6.00%
Tenant Name
Twins Car Wash Melbourne
Years Remaining On Lease
19.9
Gross SF
3,740
Guarantor
Corporate Guarantee
Rentable SF
3,740
Price/Gross SF
$1,325.67
Lease Type
Absolute Net

Investment Overview

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Investment Highlights

  • 20-Year Triple-Net (NNN) Lease | Brand New 20-Year Absolute NNN Lease With 1.25% Annual Escalations, Providing Investors with A Long-Term Income Stream with A Built-In Inflation Hedge
  • Accelerated Depreciation | The Properties Qualify for 15-Year Accelerated Depreciation
  • Bonus Depreciation | The Subject Property Qualifies for 100% Bonus Depreciation in Year One of Ownership
  • High Industry Growth | According to Grand View Research Inc., The Car Wash Industry's Current Market Size Is Approximately $10.3B And Is Projected to Reach $40.11B by 2026, Growing at An Expected CAGR of 3.13% From 2019 To 2026
  • Dense Retail Corridor | Crunch Fitness, T- Mobile, Home Depot, Firestone Auto Care, TD Bank and Many More
  • Strong Traffic Counts | Over 40,000 Vehicles Per Day on N Wickham Rd

Exclusively Listed By

Broker of Record

  • Ryan Nee

    First Vice President / District Manager

    (954) 245-3400

    License(s) FL: BK3154667

    Florida

Financing By

Miscellaneous

Twins Car Wash Melbourne

Listing Price: $4,958,000

Cap Rate
6.00%
Tenant Name
Twins Car Wash Melbourne
Years Remaining On Lease
19.9
Gross SF
3,740
Guarantor
Corporate Guarantee
Rentable SF
3,740
Price/Gross SF
$1,325.67
Lease Type
Absolute Net

Investment Highlights

  • 20-Year Triple-Net (NNN) Lease | Brand New 20-Year Absolute NNN Lease With 1.25% Annual Escalations, Providing Investors with A Long-Term Income Stream with A Built-In Inflation Hedge
  • Accelerated Depreciation | The Properties Qualify for 15-Year Accelerated Depreciation
  • Bonus Depreciation | The Subject Property Qualifies for 100% Bonus Depreciation in Year One of Ownership
  • High Industry Growth | According to Grand View Research Inc., The Car Wash Industry's Current Market Size Is Approximately $10.3B And Is Projected to Reach $40.11B by 2026, Growing at An Expected CAGR of 3.13% From 2019 To 2026
  • Dense Retail Corridor | Crunch Fitness, T- Mobile, Home Depot, Firestone Auto Care, TD Bank and Many More
  • Strong Traffic Counts | Over 40,000 Vehicles Per Day on N Wickham Rd

Investment Overview

-

Exclusively Listed By

Broker of Record

  • Ryan Nee

    First Vice President / District Manager

    (954) 245-3400

    License(s): FL: BK3154667

    Florida

Financing By

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