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| 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 15.8 | 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 |
High Point, NC
Cap Rate 6.50%
Lease Abs NNN
R. Term 17.70 yrs
Size/SF 5,163
Salisbury, NC
Cap Rate 6.50%
Lease Abs NNN
R. Term 17.70 yrs
Size/SF 5,383
Arvada, CO
Cap Rate 6.50%
Lease Abs NNN
R. Term 18.30 yrs
Size/SF 6,357
West Allis, WI
Cap Rate 6.50%
Lease Abs NNN
R. Term 18.30 yrs
Size/SF 3,500
Palm Bay, FL
Cap Rate 6.50%
Lease Abs NNN
R. Term 19.20 yrs
Size/SF 3,763
Findlay, OH
Cap Rate 6.90%
Lease Abs NNN
R. Term 15.30 yrs
Size/SF 3,677
Livonia, MI
Cap Rate 6.75%
Lease Abs NNN
R. Term 19.10 yrs
Size/SF 3,750
Covington, GA
Cap Rate 6.50%
Lease Abs NNN
R. Term 17.70 yrs
Size/SF 4,777
Woodhaven, MI
Cap Rate 6.65%
Lease Abs NNN
R. Term 19.10 yrs
Size/SF 3,750
Tulsa, OK
Cap Rate 6.90%
Lease Abs NNN
R. Term 16.20 yrs
Size/SF 4,296
Green Cove Springs, FL
Cap Rate 6.75%
Lease Abs NNN
R. Term 19.30 yrs
Size/SF 3,520
Crowley, TX
Cap Rate 6.75%
Lease Abs NNN
R. Term 16.20 yrs
Size/SF 4,241
Brooksville, FL
Cap Rate 6.50%
Lease Abs NNN
R. Term 18.90 yrs
Size/SF 5,538
Fort Worth, TX
Cap Rate 6.75%
Lease Abs NNN
R. Term 16.20 yrs
Size/SF 4,722
Niceville, FL
Cap Rate 6.50%
Lease Abs NNN
R. Term 18.90 yrs
Size/SF 5,376
Fort Pierce, FL
Cap Rate 6.50%
Lease Abs NNN
R. Term 19.20 yrs
Size/SF 3,770
Address: 929 Alton Road, Suite 500
Miami Beach, FL 33139
Telephone: (305) 977-7700
E-mail: [email protected]
