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Mister Car Wash - Orlando FL 852 Lee Rd 5,849 SF Retail Building Orlando, FL 32810 $4,871,000 ($832.79/SF) 5.50% Cap Rate
Investment Highlights
- 12+ Years Remaining | Annual Rental Increases | Established Brand
- Dense Retail Corridor | Lee Rd Shopping Center | Strong National/Credit Tenant Presence
- Strong Demographics in 5-mile Trade Area | Six-Figure Incomes
- Absolute NNN | Fee Simple Ownership | Zero Landlord Responsibilities
- Near Signalized, Hard Corner Intersection | Interstate 4 | Excellent Visibility
Executive Summary
• The tenant currently has 12+ years remaining on their initial lease with 4 (5-year) options to extend, demonstrating their commitment to the site
• The lease features 1.50% annual rental increases throughout the initial term and options thereafter, growing NOI and hedging against inflation
• Headquartered in Tucson, Arizona, Mister Car Wash, Inc. (NASDAQ: MCW) operates approximately 525 locations and has North America’s largest car wash subscription program
• The lease features 1.50% annual rental increases throughout the initial term and options thereafter, growing NOI and hedging against inflation
• Headquartered in Tucson, Arizona, Mister Car Wash, Inc. (NASDAQ: MCW) operates approximately 525 locations and has North America’s largest car wash subscription program
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Freestanding
Building Size
5,849 SF
Building Class
B
Year Built
2019
Price
$4,871,000
Price Per SF
$832.79
Cap Rate
5.50%
NOI
$267,913
Tenancy
Single
Building Height
1 Story
Building FAR
0.15
Lot Size
0.91 AC
Zoning
General Commercial
Parking
19 Spaces (3.25 Spaces per 1,000 SF Leased)
Frontage
244’ on lee rd
Amenities
- Signage
- Signalized Intersection
- Drive Thru
Fairly walkable
50/100
Exceptionally drivable
100/100
Limited public transit
30/100
Somewhat bikeable
30/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 02-2229-0000-00-065 | Improvements Assessment | $1,777,130 |
| Land Assessment | $798,853 | Total Assessment | $2,575,983 |
Property Taxes
Parcel Number
02-2229-0000-00-065
Land Assessment
$798,853
Improvements Assessment
$1,777,130
Total Assessment
$2,575,983
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