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2511 James L Redman Pky
Plant City, FL 33566
ModWash · Specialty Property For Sale
·
4,636 SF
Investment Highlights
- BRAND NEW CONSTRUCTION SALE LEASEBACK - Built in 2020, this property features a 20-year Absolute NNN lease that will commence at close of escrow.
- HIGHLY PROFITABLE BUSINESS - The EBITDA margins on express tunnel sales are higher than most retailers, hovering in the 40 to 50% range.
- POPULAR RETAIL CORRIDOR - Located within a half mile radius of Publix Super Market, Winn- Dixie, Walmart, Planet Fitness, Starbucks, and Ulta.
- STICKY BUSINESS MODEL - Due to the high cost for construction, difficulty with permits, and cost for machinery, car washes don’t tend to move around.
- SUSTAINABLE RENT - Rent is set at 2.5x this location’s EBITDA, which is conservative for most tenants.
- EXCELLENT EXPOSURE - The property sees over 32,000 vehicles per day on James L Redman Pkwy.
Property Facts
| Property Type | Specialty | Building Size | 4,636 SF |
| Property Subtype | Car Wash | No. Stories | 1 |
| Building Class | B | Year Built | 2020 |
| Lot Size | 1.09 AC | Parking Ratio | 4.53/1,000 SF |
| Zoning | PD | ||
| Property Type | Specialty |
| Property Subtype | Car Wash |
| Building Class | B |
| Lot Size | 1.09 AC |
| Building Size | 4,636 SF |
| No. Stories | 1 |
| Year Built | 2020 |
| Parking Ratio | 4.53/1,000 SF |
| Zoning | PD |
Property Taxes
| Parcel Number | P-05-29-22-39Z-000004-00004.2 | Improvements Assessment | $890,980 |
| Land Assessment | $665,820 | Total Assessment | $1,556,800 |
Property Taxes
Parcel Number
P-05-29-22-39Z-000004-00004.2
Land Assessment
$665,820
Improvements Assessment
$890,980
Total Assessment
$1,556,800
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