LUV Car Wash

Jacksonville, Florida

NNN Pro Group and Marcus & Millichap are pleased to present the exclusive listing for a LUV Car Wash located at 1555 Dunn Avenue in Jacksonville, FL. The site consists of roughly 4,231 rentable square feet of building space on estimated 0.89-acre parcel of land. This LUV 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 $156,250 and is scheduled to increase by 2.00% annually throughout the base term and in each of the 4, 5-year renewal options.

✓ Long-Term, 20-Year Absolute Triple Net (NNN) Sale-Leaseback
✓ Two Percent (2.00%) Annual Rental Increases
✓ Four (4), Five (5)-Year Tenant Renewal Options, Bringing the Potential Lease Term to 40 Years
✓ Full Corporate Guarantee from LUV Car Wash Group, LLC (75+ Units)
✓ Accelerated & Bonus Depreciation | Properties Qualify for Both 60% Bonus Depreciation & 15 Year Accelerated Depreciation
✓ A Portion of the Property is Subleased to Take 5 Oil Change | Contact Listing Brokers for More Details