Spin Car Wash – NNN – North Lauderdale, FL

 

  • Price: US $1,460,000
  • Property Type: Free Standing (1 Tenant)
  • Occupancy: 100%
  • CAP: 50%
  • Building Area: 3,200 SF = 297 m2
  • Lot: 21 AC = 4,896 m2
  • NOI: US $95,000 / year
  • Annual Expenses: 0 (Zero) NNN – Tenant responsible for all expenses including insurance and property tax
  • Contract Terms: NEW 12 years contract (Commencement April 2019)
  • Increases: 10% every 5 years.
  • Extensions: 3 – 5  years options.
  • Guarantor: T Car Wash LLC (There are six Spin Carwash locations throughout Broward and Miami-Dade Counties in South Florida. – www.SpinCarWash.com)
  • Extra: New construction store. The tenant has paid two years worth of rent up front, showing a strong commitment to the site. This location will be an outparcel to Walmart Supercenter.
  • Location: Store is located at 7900 West McNab Road in North Lauderdale, Florida.