LUV CAR WASH | $4,250,000 | 6.75% CAP
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Long-Term, 20-Year Absolute Triple Net (NNN) Sale-Leaseback
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Two Percent (2.00%) Annual Rental Increases
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Four (4), Five (5)-Year Tenant Renewal Options, Bringing the Potential Lease Term to 40 Years
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Full Corporate Guarantee from LUV Car Wash Holdings, LLC (75+ Units)
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Accelerated & Bonus Depreciation | Properties Qualify for Both 60% BonusDepreciation & 15 Year Accelerated Depreciation
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Dense Retail Corridor | Wendy's, McDonald's, Dollar General, Ford, GMC, Subway,Hardee's, Speedway, Dodge, Advance Auto Parts, Verizon and Many More
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Frontage Along Highway 17/Coastal Highway (32,000 VPD) which ConnectsDowntown Jacksonville to Punta Gorda, FL
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Affluent Community | Average Household Income Exceeds $119,000 within a Ten-Mile Radius of the Subject Property
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Strong Demographics | Over 183,000 Individuals within a Ten-Mile Radius of SubjectProperty
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Strong Academic Presence | One High School, One Junior High School and OneElementary School are Located within Three-Mile Radius | Over 2,800 StudentsEnrolled
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Income Tax Free State | Florida is one of the Nine Income Tax Free States