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| Price $4,545,000 $4,880,000 | Built/Renov 2023 | Tenant WhiteWater Express Car Wash |
| Cap Rate 6.60% 6.15% | Lease Type
Abs NNN | Guarantor Corporate |
| Size/SF
3,756
| Lease Start
09-15-2023
| #Units
88
|
| Price/SF $1,210.06 $1,299.25 | Expiration
08-31-2043
| Tenant Type Automotive |
| NOI $300,000 | R. Term 18.3 | Ownership Fee Simple |
| Rent/SF
$79.87
| Increases 1.3%/1/yrs | Pop 5Mi 178,625 |
| Lot/AC 0.93 | Options 4/5yrs/1.25% | AHHI 5Mi $81,225 |
| | |
This newly constructed WhiteWater Express Car Wash is conveniently located along Central Avenue, the area’s primary retail corridor which sees in excess of 26,500 vehicles per day. The property is surrounded by over one dozen car dealerships along Central Avenue, including Ford, Buick GMC, Mazda, Nissan, and more, creating strong crossover business. Nearby tenants include Walmart Supercenter,...
...New construction
Signalized intersection
Hard corner intersection
Dense retail corridor
Highway location
Top 100 MSA
Strong demographics
Brand new lease
Long 20+ yr lease
Corporate Guarantee
WhiteWater Express Car Wash is a high-growth, multi-state operator of express car washes. The chain uses state-of-the-art technology using only half the amount of water as the industry standard,...
| 1 Miles | 3 Miles | 5 Miles | |
| 2028 Total Population : | 5,953 | 64,401 | 177,092 |
| 2023 Total Population : | 6,024 | 65,270 | 179,267 |
| 2023 Employed Civilian Pop : | 2,873 | 33,096 | 89,194 |
| 2023 Total Businesses : | 390 | 3,413 | 6,693 |
| 2023 Average Household Income : | $ 97,355 | $ 108,566 | $ 91,909 |
| 2023 Total Consumer Spending : | $ 228 M | $ 2714 M | $ 6140 M |
| 2023 Median Age : | 43 | 44 | 40 |
| 2023 Total Households : | 2,707 | 28,981 | 77,054 |
| 2023 Pop Age 25+: Bachelor's Degree : | 808 | 11,757 | 27,395 |
| 2023 Average Home Value : | $ 206,653 | $ 243,204 | $ 211,831 |
| Collection Street | Cross Street | Year | Traffic Vol | Distance |
| West Central Avenue | Elmont Rd | 2021 | 28,285 | 0.13 mi |
| North Holland Sylvania Road | Huntingfield Blvd | 2021 | 17,721 | 0.26 mi |
| N Holland Sylvania Ave | Bonsels Pkwy | 2008 | 17,380 | 0.29 mi |
| W Central Ave | Fairbanks Ave | 2010 | 32,340 | 0.37 mi |
| N Holland Sylvania Ave | Elmer Dr | 2001 | 19,400 | 0.53 mi |
| Moffat Rd | W Central Ave | 2004 | 8,700 | 0.62 mi |
| RAMP FROM US20-120 TO IR475-23 NB | W Central Ave | 2021 | 11,527 | 0.70 mi |
| RAMP FROM IR475-23 NB TO US20-120 | Triple Crown Ln | 2021 | 9,461 | 0.71 mi |
| North Reynolds Road | Central Ave W | 2021 | 15,662 | 0.71 mi |
| I- 475 | W Central Ave | 2004 | 10,600 | 0.71 mi |
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Address: 929 Alton Road, Suite 500
Miami Beach, FL 33139
Telephone: (305) 977-7700
E-mail: [email protected]
