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El Car Wash

West Palm Beach, Florida

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NNN Pro Group is pleased to present the exclusive listing for an El Car Wash located at 4129 W Blue Heron Blvd in West Palm Beach, Florida. The site consists of roughly 2,597 rentable square feet of building space on estimated 0.92-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 $380,000 and is scheduled to increase by 2% annually throughout the base term and in each of the 6, 5-year renewal options.

About the Investment:

– 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

Key Details

Cap Rate:
Annual Rent:
4129 W Blue Heron Blvd, West Palm Beach, Florida 33404
Property Type:
Car Wash
Lease Type:
Triple Net (NNN)

Original Lease Term:
20 Years
Lease Commencement:
Close of Escrow
Lease Expiration:
20 Years from Close of Escrow
Lease Term Remaining:
20 Years
Rental Increases:
2% Annually
Lot Size:
0.92 Acres
Building Size:
2,597 SF
Year Built:
El Car Wash

Talk to the pros

Glen Kunofsky

License: 49KU1129178

Ryan Sblendorio

License: 10401309105

Matthew McClellan

License: 10401370142

Nicole Lin

License: 10401370612

Broker of record

Brian Brockman

Bang Realty-Naples, Inc

License: BK3327646

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