El Car Wash

Miami, Florida

NNN Pro Group is pleased to present the exclusive listing for an El Car Wash located at 2701 SW 137th Ave in Miami, Florida. The site consists of roughly 2,721 rentable square feet of building space on estimated 0.50-acre parcel of land. This El Car Wash is subject to a 20-year absolute triple-net (NNN) lease, which will commence at the close of escrow. The current annual rent is $405,000 and is scheduled to increase by 2% annually throughout the base term and in each of the 6, 5-year renewal options.

– 20-Year Triple-Net (NNN) Lease: At Closing the Tenant will Execute A Brand New 20-Year Absolute Triple-Net Lease | Lease will Have No Landlord Responsibilities
– Corporate Guarantee: The Lease will be Subject to a Corporate Guarantee by El Car Washes 30+ Units
– Accelerated Depreciation: The Properties Qualify for 15-Year Accelerated Depreciation as well as Bonus Depreciation