815 S Pine Ave - Caliber Car Wash 7,948 SF Specialty Building Offered at $4,984,815 at a 6.75% Cap Rate in Ocala, FL 34471
INVESTMENT HIGHLIGHTS
- Long Term Absolute Triple-Net (NNN) Lease | This Caliber Car Wash is subject to a long term 20-year NNN lease with about 18 years remaining
- Strong Corporate Guaranty | Caliber Car Wash has a corporate guarantee from Clydesdale Holdings, LLC
- Extremely Attractive Annual Rent Increases | The lease is subject to rare annual 1.75% rental increases enhancing long-term stability
EXECUTIVE SUMMARY
NNN Pro is pleased to present the exclusive listing for a Caliber Car Wash located at 815 South Pine Avenue, Ocala, Florida 34471. The site consists of roughly 7948 rentable square feet of building space on an estimated 1.15-acre parcel of land. This Caliber Car Wash is subject to a 20-year Triple Net (NNN) lease, which commenced 3/31/2023. The current annual rent is $336,475 and has scheduled increases of 1.75% Annually.
PROPERTY FACTS
| Price | $4,984,815 |
| Price Per SF | $627.18 |
| Sale Type | Investment |
| Cap Rate | 6.75% |
| Property Type | Specialty |
| Property Subtype | Car Wash |
| Building Class | B |
| Lot Size | 1.15 AC |
| Building Size | 7,948 SF |
| No. Stories | 1 |
| Year Built | 2022 |
| Opportunity Zone |
Yes |
1 of 1
PROPERTY TAXES
| Parcel Number | 2852-007-001 | Improvements Assessment | $710,438 |
| Land Assessment | $301,056 | Total Assessment | $1,011,494 |
