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Caliber Car Wash

Fort Walton Beach, Florida

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NNN Pro Group is pleased to present the exclusive listing for a Caliber Car Wash located at 162 Eglin Pkwy NE. The site consists of roughly 2,373 rentable square feet of building space on an estimated 0.51-acre parcel of land. This Caliber Car Wash is subject to a 20-year absolute triple-net (NNN) lease, which commenced on March 1, 2022. The current annual rent is $195,895 and is scheduled to increase by 1.50% annually throughout the base term and in the 1, 5-year renewal option.

About the Investment:

✓ 20-Year Triple-Net (NNN): Long term 20-year absolute triple-net (NNN) lease. The lease has no landlord responsibilities.
✓ Corporate Guarantee: The lease will be subject to a Corporate Guarantee from Clydesdale Holdings LLC
✓ Attractive Rental Increases: The lease will feature one and one half (1.50%) rental increases annually that will continue through the base term and into the one, five-year tenant renewal option period.
✓ Potential Tax Benefits: May Qualify for 80% Bonus Depreciation

Key Details

Cap Rate:
Annual Rent:
162 Eglin Pkwy NE, Fort Walton Beach, Florida 32548
Property Type:
Net-Leased Car Wash
Lease Type:
Triple-Net (NNN)

Original Lease Term:
20 Years
Lease Commencement:
March 1, 2022
Lease Expiration:
February 28, 2042
Lease Term Remaining:
+/- 19 Years
Rental Increases:
1.50% Annuall
Lot Size:
0.51 Acres
Building Size:
2,373 SF
Year Built:
Year Renovated:
Caliber Car Wash

Talk to the pros

Glen Kunofsky

License: 49KU1129178

Adam Friedlander

License: 10301213841

Edward DeMatteis

Broker of record

Brian Brockman

Bang Realty-Naples, Inc

License: BK3327646

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