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5801 34th St
Saint Petersburg, FL 33714
ModWash · Specialty Property For Sale
·
3,578 SF
Investment Highlights
- This property features a 20-year Absolute NNN lease that will commence at close of escrow including 1.5% annual increases
- Sales are less volatile per month at express carwashes than other retailers due to the subscription model of memberships, which makes them more stable
- St. Petersburg attracts millions of tourists annually, drawn to its beautiful beaches, vibrant downtown scene, and cultural attractions
- Due to the high cost of construction, difficulty with permits, and cost of machinery, carwashes don’t tend to move around
- Rent is set at 2.5x this location’s EBITDA, which is conservative for most tenants
Property Facts
| Property Type | Specialty | Building Size | 3,578 SF |
| Property Subtype | Car Wash | No. Stories | 1 |
| Building Class | B | Year Built | 2022 |
| Lot Size | 0.69 AC | Parking Ratio | 6.15/1,000 SF |
| Zoning | Commercial | ||
| Property Type | Specialty |
| Property Subtype | Car Wash |
| Building Class | B |
| Lot Size | 0.69 AC |
| Building Size | 3,578 SF |
| No. Stories | 1 |
| Year Built | 2022 |
| Parking Ratio | 6.15/1,000 SF |
| Zoning | Commercial |
Amenities
- Signage
Property Taxes
| Parcel Number | 35-30-16-00000-320-1200 | Improvements Assessment | $649,886 |
| Land Assessment | $350,114 | Total Assessment | $1,000,000 |
Property Taxes
Parcel Number
35-30-16-00000-320-1200
Land Assessment
$350,114
Improvements Assessment
$649,886
Total Assessment
$1,000,000
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