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1491 3rd St SW - Mister Car Wash | 18+yrs Corp Abs NNN 3,500 SF Specialty Building Offered at $6,849,000 at a 5.55% Cap Rate in Winter Haven, FL 33880
Investment Highlights
- 2023 Construction | 18+ Years Remaining | Options To Extend | 1.5% Annual Rental Increases | 3.2X Rent Coverage | Top Performing Location
- Dense Retail Corridor | Proximity To Major Retail Destinations
- Strong Demographics In 5-Mile Trade Area
- Absolute NNN | Zero Landlord Responsibilities
- Strong Frontage On 3rd Street SW | Excellent Visibility & Access
Executive Summary
• Newly constructed in 2023, offering a modern and operationally efficient facility, tailored to Mister Car Wash’s current prototype
• The tenant has over 18 years remaining on the primary term, with four (4) additional five-year renewal options, ensuring secure long-term cash flow
• 1.5% annual rental increases throughout the initial term and options, provide steady, long-term NOI growth
• The property reports a strong 3.2X rent coverage ratio, demonstrating healthy store-level operating performance
• This is a top-performing location, ranked as the #1 most-visited Mister Car Wash in Florida by Placer.ai
• The tenant has over 18 years remaining on the primary term, with four (4) additional five-year renewal options, ensuring secure long-term cash flow
• 1.5% annual rental increases throughout the initial term and options, provide steady, long-term NOI growth
• The property reports a strong 3.2X rent coverage ratio, demonstrating healthy store-level operating performance
• This is a top-performing location, ranked as the #1 most-visited Mister Car Wash in Florida by Placer.ai
Property Facts
| Price | $6,849,000 | Building Class | B |
| Price Per SF | $1,058.25 | Lot Size | 2.09 AC |
| Sale Type | Investment NNN | Building Size | 6,472 SF |
| Cap Rate | 5.55% | No. Stories | 1 |
| Property Type | Specialty | Year Built | 2023 |
| Property Subtype | Car Wash | ||
| Zoning | C3 - Highway Commercial | ||
| Price | $6,849,000 |
| Price Per SF | $1,058.25 |
| Sale Type | Investment NNN |
| Cap Rate | 5.55% |
| Property Type | Specialty |
| Property Subtype | Car Wash |
| Building Class | B |
| Lot Size | 2.09 AC |
| Building Size | 6,472 SF |
| No. Stories | 1 |
| Year Built | 2023 |
| Zoning | C3 - Highway Commercial |
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Fairly walkable
50/100
Moderately drivable
70/100
Limited public transit
30/100
Fairly bikeable
40/100
Property Taxes
| Parcel Number | 26-28-32-648030-000026 | Improvements Assessment | $1,182,060 |
| Land Assessment | $1,184,601 | Total Assessment | $2,366,661 |
Property Taxes
Parcel Number
26-28-32-648030-000026
Land Assessment
$1,184,601
Improvements Assessment
$1,182,060
Total Assessment
$2,366,661
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1491 3rd St SW - Mister Car Wash | 18+yrs Corp Abs NNN