For Sale
$6,800,000

3720 Fiske Blvd Rockledge, FL 32955

High-yield car wash, 20-year lease.

Overview

Added:
Dec 11, 2024
Days on market:
135
Exceptional investment opportunity: This thriving El Car Wash, located at 3720 S Fiske Blvd, Rockledge, FL 32955, is offered at $6,800,000. The property boasts a 1,500 square foot building situated on a 0.75-acre lot, currently operating under a 20-year triple net (NNN) lease with a strong annual net operating income (NOI) of $425,000 and a 6.25% cap rate. Built in 2024, the car wash enjoys 100% occupancy and benefits from a strategic location on a Lowe's outparcel, a top 14% performer nationally in sales and visits (approx. 1 million annually, per Placer.ai). The high-traffic area sees over 26,000 vehicles daily on Fiske Blvd, 16,000 on Barnes Blvd, and 73,000 on I-95. The surrounding area is densely populated (over 33,000 within a three-mile radius), with a growing population (over 1% annual growth) and high average household incomes (over $104,000 within one mile, $97,000 within five miles). This prime location is also convenient to Orlando and Cape Canaveral, and near other national tenants such as Discount Tire, CVS, Walgreens, Dunkin', 7-Eleven, and Ruby Tuesday. The lease includes annual rent increases of 2%, ensuring consistent growth and a secure investment for the next two decades. This is a rare opportunity to acquire a high-performing, well-located car wash with significant long-term potential.

Highlights

  • High-visibility outparcel location adjacent to a top-performing Lowe's (top 14% nationally in sales and visits, ~1 million annual visitors).
  • Exceptional traffic counts: Over 26,000 VPD on Fiske Blvd, 16,000 VPD on Barnes Blvd, and 73,000 VPD on I-95.
  • Strong demographics: Over 33,000 residents within a 3-mile radius, with over 1% annual population growth.
  • High-income area: Average household income exceeding $104,000 within a 1-mile radius and $97,000 within a 5-mile radius.
  • Strategic location near Orlando and Cape Canaveral.
  • Strong co-tenancy with national retailers including Lowe's, Discount Tire, CVS, Walgreens, Dunkin', 7-Eleven, and Ruby Tuesday.

Property Details for 3720 Fiske Blvd

Property type
Specialty properties, Car washes
Square Feet
1,500 SF
Year Built
2024
Lot Size (sq. ft)
32,670 SF

Location Insight

City
Rockledge
County
Brevard
State
Florida
Latitude
28.2981808
Longitude
-80.7421664

FAQs

What type of property is this?
Specialty property - High-yield car wash, 20-year lease.
Where is the specialty property located?
The property is located at 3720 Fiske Blvd Rockledge, FL.
What is the asking price?
The asking price for this property is $6,800,000.
What are key features of this property?
This property features: High-visibility outparcel location adjacent to a top-performing Lowe's (top 14% nationally in sales and visits, ~1 million annual visitors).; Exceptional traffic counts: Over 26,000 VPD on Fiske Blvd, 16,000 VPD on Barnes Blvd, and 73,000 VPD on I-95.; Strong demographics: Over 33,000 residents within a 3-mile radius, with over 1% annual population growth.
How can I contact the broker?
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3720 Fiske Blvd
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