510 W State Road 434 | Winter Springs, FL 32708
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510 W State Road 434
Winter Springs, FL 32708
El Car Wash | 20-Yr NNN | Nearly 57,000 VPD · Specialty Property For Sale
·
6,318 SF
INVESTMENT HIGHLIGHTS
- Corporate guarantee from El Car Wash | The largest and fastest-growing car wash brand in Florida with 50+ locations open and operating
- New, 20-year initial lease term | $10.3MM+ in guaranteed income
- Excellent access & visibility from State Road 434 which boasts 56,920+ VPD
- Site is scheduled to be re-branded to El Car Wash within the next 6-12 months and will include a 124-foot tunnel
- Rare, 2% annual rent increases throughout the initial term and options | Avg CAP of 7.59% over the base lease term, assuming purchase at List Price
- Dense and affluent area | 76,200+ residents with an average HH income exceeding $105,000 within a 10-minute drive
PROPERTY FACTS
| Property Type | Specialty | No. Stories | 1 |
| Property Subtype | Car Wash | Year Built/Renovated | 2019/2024 |
| Lot Size | 1.16 AC | Parking Ratio | 4.12/1,000 SF |
| Building Size | 6,318 SF | ||
| Zoning | C-1 - Neighborhood Commercial | ||
| Property Type | Specialty |
| Property Subtype | Car Wash |
| Lot Size | 1.16 AC |
| Building Size | 6,318 SF |
| No. Stories | 1 |
| Year Built/Renovated | 2019/2024 |
| Parking Ratio | 4.12/1,000 SF |
| Zoning | C-1 - Neighborhood Commercial |
PROPERTY TAXES
| Parcel Number | 34-20-30-5AV-2500-00A0 | Improvements Assessment | $825,400 |
| Land Assessment | $562,763 | Total Assessment | $1,388,163 |
PROPERTY TAXES
Parcel Number
34-20-30-5AV-2500-00A0
Land Assessment
$562,763
Improvements Assessment
$825,400
Total Assessment
$1,388,163
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