• Corporate guarantee from El Car Wash | The largest and fastest-growing car wash brand in Florida with 40+ locations open and operating with a development pipeline of 40+ additional units in some phase of development across Florida and Michigan, 15+ of which are set to open by year-end
• Brand new, state-of-the-art construction with El Car Wash’s latest prototype, a 120-ft tunnel, and 4 pay stations due to the high traffic at the site
• New, 20-year initial lease term | ±$12.1MM+ in guaranteed income
• Rare, 2% annual rent increases throughout the initial term and options | Avg CAP of 7.29% over the base lease term, assuming purchase at List Price
• Conservative Year-3 EBITDAR projection of $2.25MM | Speak with Agent for details
• Excellent access & visibility from SW 72nd St/Sunset Dr which sees ±38,850 VPD
• Asset is eligible for Bonus Depreciation | Speak with your CPA to confirm
• Less than 1.5 miles from The Palms at Town & Country | An 80-acre, 660,000+ SF open-air lifestyle and power center | Anchored by DICK’S, Nordstrom Rack, Publix, Marshalls, HomeGoods, Total Wine & More, and Forever 21
• Outparcel to Sunset Strip Plaza | Anchored by President Supermarket | Other tenants include Dunkin’, Wendy’s, Panda Express, Sherwin-Williams, Dollar Tree, among others
• Dense and affluent area with brand-driven demographics | 153,100+ residents with an average HH income of ±$109,000 within a 3-mile radius
• Site is walking distance to:
• Ronald Reagan Tpke which boasts 133,400 VPD
• 107th Ave which sees ±32,600 VPD
• TJ Maxx Plaza | Shopping center anchored by TJ Maxx & Fresco y Mas
• Kendal Value Center | BJ’s Tire Center-anchored shopping center
• Snapper Creek Shopping Center
• Sunset Village Shopping Center
• Best-in-Class Unit Economics and Industry Leading Performance | One of the highest AUVs, average EBITDARs, and average subscriptions in the industry | Speak with Agent for details
• #1 Position in Highly Attractive South Florida Market
• Considered a premium player in the rapidly-growing express car wash space
• Large Existing Membership Base Leading to Substantial Recurring Revenue and Strong Brand Loyalty
• Irreplaceable Real Estate Portfolio Assembled Over the Last Decade
• Largest and Highest Quality Pipeline of Locations in South Florida
• Track Record of Growth Through Greenfield Development and M&A
• Proven Management Team with Diverse Skill-Set
• Acquired by Warburg Pincus, a private equity firm with $83B AUM, in July of 2022
• Official car wash of the Miami HEAT & Florida Panthers and is a partner of the Miami Zoo & Baptist Health