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3430 SW Martin Hwy - Water's Car Wash 3,528 SF Specialty Building Offered at $3,275,000 at a 5.50% Cap Rate in Palm City, FL 34990
Investment Highlights
- New Construction and 19-years remaining on a new 20-year Lease
- Anchored by the TOP 86% Performing Wawa in FL and the TOP 87% Performing Tractor Supply Co. in the ENTIRE COUNTY PER Placer.ai
- Experienced operator with guaranty by parent company with annual revenue exceeding $65M and EBITDA exceeding $25M
- Absolute NNN ground lease – No landlord management obligations
- Ideally located at Florida’s Turnpike interchange with easy access to I-95
- Florida has NO STATE INCOME TAX
Executive Summary
CBRE’s Net Lease Property Group is pleased to present this absolute NNN 19-year Waters Car Wash ground lease located in one of the nation’s fastest growing markets in South Florida. This lease provides for truly “hands off” management and includes rental increases of 10% every 5 years. The Property is anchored by an extremely busy Wawa (IN TOP 86% PERFORMING STORE IN THE STATE OF FLORIDA PER Placer.ai) and Tractor Supply (IN TOP 87% STORE IN THE ENTIRE COUNTRY PER Placer.ai).
Palm Pike Crossing offers retailers a prime, high visibility position along one of Palm City’s most important east-west commuter corridors, delivering constant exposure to the surrounding customer base with household incomes exceeding $150K and regional traffic moving between Palm City, Stuart, I-95, and the Turnpike. The property benefits from excellent visibility, easy ingress/egress, and access designed for quick, convenient stops – key criteria for QSR, service retail, and daily needs operators. With established traffic patterns, strong household demographics, and seamless regional connectivity, this corridor provides the consistent customer flow and accessibility national retailers look for when selecting high-performing sites.
Palm Pike Crossing offers retailers a prime, high visibility position along one of Palm City’s most important east-west commuter corridors, delivering constant exposure to the surrounding customer base with household incomes exceeding $150K and regional traffic moving between Palm City, Stuart, I-95, and the Turnpike. The property benefits from excellent visibility, easy ingress/egress, and access designed for quick, convenient stops – key criteria for QSR, service retail, and daily needs operators. With established traffic patterns, strong household demographics, and seamless regional connectivity, this corridor provides the consistent customer flow and accessibility national retailers look for when selecting high-performing sites.
Property Facts
| Price | $3,275,000 | Building Class | C |
| Price Per SF | $928.29 | Lot Size | 1.74 AC |
| Sale Type | Investment NNN | Building Size | 3,528 SF |
| Cap Rate | 5.50% | No. Stories | 1 |
| Property Type | Specialty | Year Built | 2025 |
| Property Subtype | Car Wash | ||
| Zoning | C-1 - Commercial | ||
| Price | $3,275,000 |
| Price Per SF | $928.29 |
| Sale Type | Investment NNN |
| Cap Rate | 5.50% |
| Property Type | Specialty |
| Property Subtype | Car Wash |
| Building Class | C |
| Lot Size | 1.74 AC |
| Building Size | 3,528 SF |
| No. Stories | 1 |
| Year Built | 2025 |
| Zoning | C-1 - Commercial |
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Somewhat walkable
30/100
Exceptionally drivable
100/100
Somewhat bikeable
30/100
Property Taxes
| Parcel Number | 24-38-40-006-000-00020-0 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $561,198 |
Property Taxes
Parcel Number
24-38-40-006-000-00020-0
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$561,198
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