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63 Little Cypress Dr - LUV Car Wash - Jacksonville (St Johns) FL 5,286 SF Specialty Building Offered at $6,405,000 at a 2.28% Cap Rate in Saint Johns, FL 32259
Investment Highlights
- 17+ Years Remaining | Corporate Signature | Options To Extend | Rapidly Growing Tenant | Annual Rental Increases
- Absolute NNN | Fee Simple Ownership | Zero Landlord Responsibilities | No State Income Tax
- Interstate 95 (126,000 VPD) | Fronting Race Track Rd (19,000 VPD) | Excellent Visibility & Accessibility
- 100% Bonus Depreciation Eligible
- Surrounding Housing Developments | The Cove | Atlantica Isles | Elysian | Direct Consumer Base | Apart of Grand Cypress
- Durbin Pavilion | Dense Retail Corridor| High performing Nearby Retailers
Executive Summary
• There are 17+ years remaining on the initial lease term, with 4 (5-year) options to extend, demonstrating the tenant’s long-term commitment to the site
• 1.50% annual increases throughout the initial term and options, steadily growing NOI and hedging against inflation
• LUV Car Wash is a rapidly growing express car wash operator with approximately 84 locations across its current network and continues to expand its platform through strategic acquisitions, including recent Los Angeles-area acquisitions of Champion Car Wash and La Cienega Car Wash
• The subject property may be eligible for 100% bonus depreciation; please consult with a qualified tax advisor
• 1.50% annual increases throughout the initial term and options, steadily growing NOI and hedging against inflation
• LUV Car Wash is a rapidly growing express car wash operator with approximately 84 locations across its current network and continues to expand its platform through strategic acquisitions, including recent Los Angeles-area acquisitions of Champion Car Wash and La Cienega Car Wash
• The subject property may be eligible for 100% bonus depreciation; please consult with a qualified tax advisor
Property Facts
| Price | $6,405,000 | Building Class | B |
| Price Per SF | $1,531.20 | Lot Size | 1.09 AC |
| Sale Type | Investment NNN | Building Size | 4,183 SF |
| Cap Rate | 2.28% | No. Stories | 1 |
| Property Type | Specialty | Year Built | 2024 |
| Property Subtype | Car Wash | Parking Ratio | 4.54/1,000 SF |
| Zoning | PUD | ||
| Price | $6,405,000 |
| Price Per SF | $1,531.20 |
| Sale Type | Investment NNN |
| Cap Rate | 2.28% |
| Property Type | Specialty |
| Property Subtype | Car Wash |
| Building Class | B |
| Lot Size | 1.09 AC |
| Building Size | 4,183 SF |
| No. Stories | 1 |
| Year Built | 2024 |
| Parking Ratio | 4.54/1,000 SF |
| Zoning | PUD |
Amenities
- Signage
1 1
Somewhat walkable
20/100
Exceptionally drivable
90/100
Fairly bikeable
40/100
Property Taxes
| Parcel Number | 023430-0110 | Improvements Assessment | $962,299 |
| Land Assessment | $1,341,648 | Total Assessment | $2,303,947 |
Property Taxes
Parcel Number
023430-0110
Land Assessment
$1,341,648
Improvements Assessment
$962,299
Total Assessment
$2,303,947
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63 Little Cypress Dr - LUV Car Wash - Jacksonville (St Johns) FL
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