Views: 0 DOM: 83 Updated: 11.28.23 Posted: 09.19.23 Status: Active


Price $4,415,000
Built/Renov 2021
Tenant Camel Premium Express Car Wash
Cap Rate 6.00%
Lease Type Abs NNN
Guarantor Corporate
Size/SF 4,120
Lease Start 12-31-2021
#Units 98
Price/SF $1,071.60
Expiration 12-31-2041
Tenant Type Automotive
NOI $264,768
R. Term 18.0
Ownership Fee Simple
Rent/SF $64.26
Increases 1.5%/1/yrs
Pop 5Mi 98,801
Lot/AC 1.45
Options 1/5yrs/1.5%
AHHI 5Mi $69,391

Lease Highlights

  • Camel Premium Express Car Wash has 18+ years remaining on their current lease with 1 (5-year) option to extend
  • The lease features annual rental increases of 1.5%
  • Absolute NNN | Zero landlord responsibilities
  • Very healthy EBITDAR to rent coverage
  • Corporate guaranteed lease (98 locations with 120 by the end of 2023)

Location Description

The subject property is strategically positioned with ample visibility and access to West Granada Boulevard, a highly trafficked east-west artery that sees in excess of 32,000 vehicles passing by daily. It is also part of the Granada Pointe retail development, a new construction project that features a Wawa gas station, Culver’s drive-thru, proposed grocery store, and proposed multi-tenant...



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About Tenant

Camel Premium Express Car Wash is a growing chain of eco-friendly express car washes offersing express car wash services as well as bug prep, underbody rinses, tire shine, wax and shine, rain...



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2028 Total Population : 6,085 50,748 104,753
2023 Total Population : 6,279 50,947 102,721
2023 Employed Civilian Pop : 3,002 23,621 47,669
2023 Total Businesses : 765 3,101 5,837
2023 Average Household Income : $ 66,786 $ 77,438 $ 77,118
2023 Total Consumer Spending : $ 166 M $ 1579 M $ 3143 M
2023 Median Age : 51 53 50
2023 Total Households : 2,842 23,396 46,726
2023 Pop Age 25+: Bachelor's Degree : 1,095 7,906 15,504
2023 Average Home Value : $ 284,573 $ 291,116 $ 289,995
*ESRI data is presented for informational purposes only


Collection Street Cross Street Year Traffic Vol Distance
Granada Boulevard Bennett Ln 2021 31,000 0.09 mi
Tomoka Rd Kingsbridge Crossing Dr 2008 32,000 0.26 mi
South Orchard Street Hammock Ln 2021 3,200 0.42 mi
S Yonge St Corbin Ave 2008 23,500 0.57 mi
Wilmette Avenue N Orchard St 2021 5,800 0.67 mi
Division Avenue Coolidge Ave 2021 3,400 0.68 mi
South Yonge Street Mound Ave 2021 23,000 0.70 mi
N Nova Rd Sterthaus Dr 2008 24,500 0.73 mi
Wilmette Ave Willow Pond 2003 7,250 0.74 mi
W Granada Blvd S Ridgewood Ave 2003 32,000 0.75 mi

Listing Broker

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