LUV CAR WASH | $5,576,923 | 6.50% CAP
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Long-Term, 20-Year Absolute Triple Net (NNN) Sale-Leaseback
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Two Percent (2.00%) Annual Rental Increases
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Four (4), Five (5)-Year Tenant Renewal Options, Bringing the Potential Lease Term to 40 Years
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Full Corporate Guarantee from LUV Car Wash Holdings, LLC (75+ Units)
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Accelerated & Bonus Depreciation | Properties Qualify for Both 60% BonusDepreciation & 15 Year Accelerated Depreciation
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Dense Retail Corridor | Walgreens, McDonald's, AutoZone, Dunkin, Chipotle, WingStop, Family Dollar, Arby's, Starbucks, Tropical Smoothie Cafe, Speedway and ManyMore
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Strong Traffic Counts | Over 40,500, 50,000 and 30,000 Vehicles Per Day AlongBeach Blvd, Commodore Point Expressway and University Blvd, Respectively
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Affluent Community | Average Household Income Exceeds $76,000 within a Ten-Mile Radius of the Subject Property
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Strong Demographics | Over 673,000 Individuals within a Ten-Mile Radius of SubjectProperty
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HCA Florida Memorial Hospital | Located Approximately One Mile from SubjectProperty | Over 450 Beds
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Strong Academic Presence | Two High Schools, Two Middle Schools, ThreeElementary Schools and One Christian School are Located within Two-Mile Radius |Over 6,200 Students Enrolled
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Income Tax Free State | Florida is one of the Nine Income Tax Free States