Spin Car Wash – NNN – North Lauderdale, FL
- Price: US $1,460,000
- Property Type: Free Standing (1 Tenant)
- Occupancy: 100%
- CAP: 50%
- Building Area: 3,200 SF = 297 m2
- Lot: 21 AC = 4,896 m2
- NOI: US $95,000 / year
- Annual Expenses: 0 (Zero) NNN – Tenant responsible for all expenses including insurance and property tax
- Contract Terms: NEW 12 years contract (Commencement April 2019)
- Increases: 10% every 5 years.
- Extensions: 3 – 5 years options.
- Guarantor: T Car Wash LLC (There are six Spin Carwash locations throughout Broward and Miami-Dade Counties in South Florida. – www.SpinCarWash.com)
- Extra: New construction store. The tenant has paid two years worth of rent up front, showing a strong commitment to the site. This location will be an outparcel to Walmart Supercenter.
- Location: Store is located at 7900 West McNab Road in North Lauderdale, Florida.