Mr. Clean Car Wash

  • $5,232,929

Overview

  • Mr. Clean Car Wash
    Tenant(s)
  • $5,232,929
    Price
  • 7.00%
    CAP Rate
  • $366,035
    Net Operating Income (NOI)
  • 17+ Years
    Lease Term
  • 1.25% Annually
    Increases
  • Abs. NNN
    Lease Type
  • Feb 2022
    Rent Commencement
  • Feb 2042
    Lease Expiration
  • 4 x 5 yr
    Options
  • 3,302
    Building Size (SF)
  • 2022
    Year Built
  • 1.33
    Land Size (AC)
  • Corporate
    Guaranty
  • None
    Landlord Responsibilities

Description

STONECLIFF is pleased to present the exclusive listing for a Mr. Clean Car Wash located at 3020 S Pine Ave, Ocala, FL. The site consists of roughly 3,302 rentable square feet of retail space on an estimated 1.33-acre parcel of land. This Mr. Clean is subject to a 20-year Absolute Triple Net (NNN) Lease. The annual rent is $370,611 with scheduled 1.25% Annually in Primary Term and Option Periods.

    • Signalized Intersection with strong traffic demographics (Approaching 60,000 VPD)
    • 20-year absolute NNN lease with 1.25% rental increases every year
    • Attractive tax advantages as this property qualifies for bonus depreciation benefits
    • Supported by a population of over 91,000 within a 5-mile radius and household incomes exceeding $87,000.

Property Documents

Mr Clean_FL_Ocala OM

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