8650 Lk Worth RdWellington, FL 33467

This exceptional investment opportunity presents a brand-new, state-of-the-art El Car Wash facility in Wellington, Florida. Boasting a 20-year absolute NNN lease with a corporate guarantee, this 3,900 square foot car wash enjoys 100% occupancy and a strong NOI of $425,000, representing a 6.25% cap rate on the $6,800,000 asking price. The property sits on a 1.38-acre lot with 30 parking spaces and benefits from a prime location on Lake Worth Road, a high-traffic artery with over 70,000 vehicles per day. Built in 2024, this Class A asset features El Car Wash's latest prototype, including a 90-foot tunnel. The lease includes annual rent bumps of 2% and six, 5-year renewal options, ensuring consistent income growth. The surrounding area shows remarkable population growth, with a nearly 40% increase within a one-mile radius since 2020, and is projected to continue growing. This thriving location is near numerous residential developments, major roadways including Florida's Turnpike (80,700 VPD), and established retail centers such as those anchored by ALDI, Chipotle, RaceTrac, Publix, and Walmart. The property's proximity to schools and a high average household income exceeding $142,000 within a one-mile radius further enhances its investment appeal. This offering presents a rare opportunity to acquire a high-performing asset with significant long-term growth potential in a desirable location. The investment is eligible for bonus depreciation.