REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your advisor will contact you to discuss available opportunities.
In-PersonVirtual Tour
$ 5,120,000
Est. payment | /mo
10,374 SqFt
$ 5,120,000
Est. payment | /mo
10,374 SqFt
Key Details
Property Type Commercial
Sub Type Business
Listing Status Active
Purchase Type For Sale
Square Footage 10,374 sqft
Price per Sqft $493
MLS Listing ID A12069869
HOA Y/N No
Lot Size 1.260 Acres
Acres 1.26
Property Sub-Type Business
Property Description
Exceptional passive investment opportunity featuring a Whistle Express Car Wash in Lake City, FL, positioned along a highly visible corridor with traffic counts exceeding 19,000 vehicles per day. The property is leased on an Absolute NNN basis, requiring no landlord maintenance responsibilities, with approximately 13 years remaining on the initial lease term. The lease is backed by a corporate guaranty from Whistle Express and includes 1.75% annual rent increases. Following its acquisition of Take 5 Car Wash, Whistle Express operates the nation's largest express car wash platform and is backed by Oaktree Capital Management, a global investment manager with more than $200 billion in assets under management. The property may offer substantial tax advantages through accelerated depreciation. Contact the listing broker for additional information.
Location
State FL
County Other
Area 5940 - Other Florida County
Interior
Interior Features InteriorFeatures
Fireplace No
Others
Tax ID 00000012417000
Virtual Tour https://www.propertypanorama.com/instaview/mia/A12069869
Listed by Benedict Gutierrez Berlin Group
Nearby Locations
"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "