Price $5,167,000 | Built/Renov 2023 | Tenant Caliber Car Wash |
Cap Rate 6.00% | Lease Type
Abs NNN | Guarantor Corporate |
Size/SF
3,286
| Lease Start
10-15-2023
| #Units
38
|
Price/SF $1,572.43 | Expiration
11-01-2043
| Tenant Type Automotive |
NOI $310,000 | R. Term 19.11 | Ownership Fee Simple |
Rent/SF
$94.34
| Increases 1.3%/1/yrs | Pop 5Mi 95,046 |
Lot/AC 1.50 | Options 4/5yrs/1.25% | AHHI 5Mi $92,482 |
| |
Caliber Car Wash is strategically located at the hard corner intersection of 10th Street and US Route 1 with access to 27,600 vehicles per day. The site is strategically located adjacent to two car dealerships, Dyer Chevrolet and Dyer Subaru, providing a direct consumer base for the site to draw from. Neighboring national/credit tenants in the area include Taco Bell, Wawa, Popeyes, Dollar...
...New construction
Hard corner intersection
Dense retail corridor
Affluent suburb location
Income tax free state
Brand new lease
Absolute NNN
Accelerated depreciation
Annual rent increases
Corporate Guarantee
Caliber Car Wash is a leading express conveyor car wash platform with locations across the southern United States. The private company has built an industry-leading membership model and a strong...
Collection Street | Cross Street | Year | Traffic Vol | Distance |
S US Hwy 1 | 10th St | 2000 | 27,640 | 0.09 mi |
11th St | 2022 | 23,500 | 0.19 mi | |
8th Street | Hwy 1 | 2021 | 7,700 | 0.22 mi |
8th St | 8th Ct | 2000 | 8,958 | 0.24 mi |
Old Dixie Highway | 9th Pl | 2021 | 10,600 | 0.27 mi |
12th St | 6th Ave | 2000 | 6,601 | 0.34 mi |
12th Street | Commerce Ave | 2019 | 15,900 | 0.35 mi |
12th Street | 11th Ave | 2021 | 14,100 | 0.35 mi |
12th Street | 6th Ave | 2022 | 14,100 | 0.35 mi |
8th Pl | 8th Ct | 2000 | 6,663 | 0.36 mi |
Address: 929 Alton Road, Suite 500
Miami Beach, FL 33139
Telephone: (305) 977-7700
E-mail: [email protected]