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4936 S Cleveland Ave - El Car Wash 5,335 SF Specialty Building Offered at $7,346,820 at a 5.85% Cap Rate in Fort Myers, FL 33907
Investment Highlights
- Long Term NNN Lease
- Outstanding Location in Fort Myers
- 2% Annual Increases
- 100% Bonus Depreciation
Executive Summary
Surmount is pleased to present the exclusive listing for an El Car Wash located at 4936 South Cleveland Avenue, Fort Myers, FL 33907. The site consists of roughly 6,710 rentable square feet of building space on an estimated 1.51-acre parcel of land. El Car Wash is subject to a 20-year Triple Net (NNN) lease, which commenced 12/15/2023. The current annual rent is $429,789 and has scheduled increases of 2.00% Annually
Property Facts
| Price | $7,346,820 | Building Class | B |
| Price Per SF | $1,094.91 | Lot Size | 1.51 AC |
| Sale Type | Investment NNN | Building Size | 6,710 SF |
| Cap Rate | 5.85% | No. Stories | 1 |
| Property Type | Specialty | Year Built | 2019 |
| Property Subtype | Car Wash | Parking Ratio | 4.02/1,000 SF |
| Zoning | C1 - Neighborhood Commercial | ||
| Price | $7,346,820 |
| Price Per SF | $1,094.91 |
| Sale Type | Investment NNN |
| Cap Rate | 5.85% |
| Property Type | Specialty |
| Property Subtype | Car Wash |
| Building Class | B |
| Lot Size | 1.51 AC |
| Building Size | 6,710 SF |
| No. Stories | 1 |
| Year Built | 2019 |
| Parking Ratio | 4.02/1,000 SF |
| Zoning | C1 - Neighborhood Commercial |
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Moderately walkable
60/100
Moderately drivable
70/100
Limited public transit
30/100
Somewhat bikeable
30/100
Property Taxes
| Parcel Number | 02-45-24-P3-32000.0030 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $4,052,039 |
Property Taxes
Parcel Number
02-45-24-P3-32000.0030
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$4,052,039
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