Price $4,800,000 | Built/Renov 2023 | Tenant WhiteWater Express Car Wash |
Cap Rate 6.25% | Lease Type
Abs NNN | Guarantor Corporate |
Size/SF
4,400
| Lease Start
09-01-2023
| #Units
88
|
Price/SF $1,090.91 | Expiration
09-01-2043
| Tenant Type Automotive |
NOI $300,000 | R. Term 19.8 | Ownership Fee Simple |
Rent/SF
$68.18
| Increases 1.3%/1/yrs | Pop 5Mi 54,689 |
Lot/AC 1.50 | Options 4/5yrs/1.25% | AHHI 5Mi $103,230 |
| |
This newly constructed WhiteWater Express Car Wash is strategically located at the signalized, hard corner intersection of East Highway 30 and South Burnside Avenue with access to 40,000 vehicles per day. The site is an outparcel to a new mixed use development in the heart of the city, Heritage Crossing, which is anchored by Alexanders Heritage Market grocery store, 300 apartments, 79 single...
...New construction
Build to suit
Shopping Ctr out-parcel
Highway location
Affluent AHHI $100K 5 Mi
Brand new lease
Long 20+ yr lease
Absolute NNN
Annual rent increases
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 : | 5,466 | 24,895 | 56,511 |
2023 Total Population : | 5,193 | 23,369 | 53,734 |
2023 Employed Civilian Pop : | 2,460 | 11,579 | 26,759 |
2023 Total Businesses : | 444 | 1,538 | 2,369 |
2023 Average Household Income : | $ 75,915 | $ 80,982 | $ 94,166 |
2023 Total Consumer Spending : | $ 131 M | $ 632 M | $ 1642 M |
2023 Median Age : | 37 | 38 | 37 |
2023 Total Households : | 1,991 | 9,013 | 20,145 |
2023 Pop Age 25+: Bachelor's Degree : | 477 | 2,459 | 6,649 |
2023 Average Home Value : | $ 181,110 | $ 208,706 | $ 231,415 |
Collection Street | Cross Street | Year | Traffic Vol | Distance |
LA 30 | S Dianne Ave | 2021 | 11,390 | 0.14 mi |
LA 30 | S Roth Ave | 2021 | 19,285 | 0.41 mi |
LA 44 | E Petite St | 2021 | 10,873 | 0.43 mi |
LA 44 | E Hidden Haven St | 2021 | 11,347 | 0.49 mi |
LA0940 | S Sandra Ave | 2020 | 6,283 | 0.53 mi |
LA 44 | E Neal St | 2021 | 29,729 | 0.57 mi |
W Orice Roth Rd | S Ringer Ave | 2010 | 6,769 | 0.62 mi |
South Philippe Avenue | W Orice Roth Rd | 2021 | 2,055 | 0.79 mi |
LA 940 | S Lanoux Ave | 2021 | 3,894 | 0.79 mi |
South Lanoux Avenue | W Orice Roth Rd | 2021 | 1,463 | 0.81 mi |
Address: 929 Alton Road, Suite 500
Miami Beach, FL 33139
Telephone: (305) 977-7700
E-mail: [email protected]