Price $4,690,000 | Built/Renov 2019 | Tenant WhiteWater Express Car Wash |
Cap Rate 6.40% | Lease Type
Abs NNN | Guarantor Corporate |
Size/SF
5,123
| Lease Start
11-16-2020
| #Units
100
|
Price/SF $915.48 | Expiration
12-31-2040
| Tenant Type Automotive |
NOI $300,000 | R. Term 17.0 | Ownership Fee Simple |
Rent/SF
$58.56
| Increases 1.3%/1/yrs | Pop 5Mi 34,463 |
Lot/AC 1.19 | Options 4/5yrs/1.25% | AHHI 5Mi $100,159 |
| |
WhiteWater Express Car Wash is strategically located along Princeton Drive seeing 31,000 vehicles per day. The site is across from two future shopping centers, Princeton Crossroads (66 acres), and a Market Street grocery-anchored shopping center; co-tenants in the center include Chipotle, 7 Brew, Salad and Go, Club Pilates, UPS, Blaze Pizza, and The Learning Experience. Neighboring...
...Near major nationals
Highway location
Top 100 MSA
Income tax free state
Population increase trend
Long 15+ yr lease
Absolute NNN
Accelerated depreciation
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 : | 11,877 | 42,151 | 54,092 |
2023 Total Population : | 11,108 | 31,479 | 41,495 |
2023 Employed Civilian Pop : | 5,912 | 16,633 | 21,629 |
2023 Total Businesses : | 116 | 388 | 572 |
2023 Average Household Income : | $ 105,045 | $ 102,971 | $ 107,755 |
2023 Total Consumer Spending : | $ 305 M | $ 900 M | $ 1255 M |
2023 Median Age : | 35 | 36 | 37 |
2023 Total Households : | 3,366 | 10,094 | 13,456 |
2023 Pop Age 25+: Bachelor's Degree : | 1,654 | 4,369 | 5,816 |
2023 Average Home Value : | $ 400,663 | $ 363,047 | $ 395,091 |
Collection Street | Cross Street | Year | Traffic Vol | Distance |
West Princeton Drive | Tickey Dr | 2020 | 32,670 | 0.64 mi |
W Princeton Dr | Ticky Dr | 2018 | 31,284 | 0.64 mi |
Co Rd 978 | W Princeton Dr | 2004 | 270 | 0.65 mi |
W College Ave | Prairie Creek Dr | 2009 | 10 | 0.72 mi |
Simpson Rd | Pvt Rd 5096 | 2009 | 160 | 0.98 mi |
N 1st St | E Gantt St | 2009 | 170 | 1.06 mi |
West Princeton Drive | S 3rd St | 2021 | 32,504 | 1.07 mi |
E Princeton Dr | S 3rd St | 2018 | 27,023 | 1.07 mi |
E College Ave | E Gantt St | 2002 | 390 | 1.08 mi |
Longneck Road | Co Rd 461 | 2019 | 2,480 | 1.10 mi |
Address: 929 Alton Road, Suite 500
Miami Beach, FL 33139
Telephone: (305) 977-7700
E-mail: [email protected]