13455 Okeechobee RdHialeah Gardens, FL 33018
High-growth car wash, 20-year NNN lease.
Overview
- Added:
- Dec 11, 2024
- Days on market:
- 114
Highlights
- Corporate guarantee from El Car Wash, Florida's largest and fastest-growing car wash brand with 43+ operating locations and 40+ under development.
- Brand new, state-of-the-art, 125-ft tunnel car wash built to El Car Wash's latest prototype.
- New 20-year lease with approximately $10.3MM+ in guaranteed income and 2% annual rent increases.
- 7.59% average cap rate over the base lease term (assuming purchase at list price); conservative Year 3 EBITDAR projection of $2MM.
- Excellent visibility on Okeechobee Road (Highway 27), with 31,000+ vehicles per day (VPD); outparcel to Home Depot.
- Strong surrounding demographics including a newly developed 250,000 SF shopping center anchored by Publix, Burlington, dd's Discounts, and HomeGoods; 855 new apartment units within walking distance.
Property Details for 13455 Okeechobee Rd
- Property type
- Specialty properties, Retail properties
- Square Feet
- 3,824 SF
- Class
- A
- Year Built
- 2024
- Lot Size (sq. ft)
- 52,272 SF
- Units
- 1
Location Insight
- City
- Hialeah Gardens
- County
- Miami-Dade
- State
- Florida
- Latitude
- 25.8939829
- Longitude
- -80.3759938
Nearby Similar for Sale
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