PROPERTY HIGHLIGHTS
-Corporate Guarantee From El Car Wash | the Largest and Fastest-growing Car Wash Brand in Florida With 40+ Locations Open and Operating With a Pipeline of 40+ Locations 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 and a 100-ft Tunnel
-New, 20-year Initial Lease Term | ±$10.9mm+ 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 $1.5mm | Speak With Agent for Details
-Excellent Access & Visibility From Federal Hwy/us-1 Which Sees ±41,500 Vpd
-Directly Across From a Nordstrom Rack & Trader Joe’s-anchored Shopping Center
-Outparcel to Plaza Del Mar Shopping Center
-Dense and Affluent Area With Brand-driven Demographics | 132,400+ Residents With an Average Hh Income of ±$126,000 Within a 3-mile Radius
-Site is walking distance to:
-River Market | 160,000+ SF shopping mall anchored by Whole Foods, DICK’s Sporting Goods & Lulu Lemon
-Bal Harbour Square | 152,000 SF shopping center anchored by Michaels & ULTA
-The Galleria at Fort Lauderdale | 978,568 SF indoor luxury shopping mall anchored by Dillard’s
-Potential for redevelopment | Permitted for ±1,900 residential units
-Sunrise Middle School & Bennett Elementary School | 1,500+ combined students
-National retailers such as Best Buyer, Barnes & Noble, Starbucks, Chipotle, Chase Bank, Krispy Kreme, The Vitamin Shoppe, Sleep
Number, among others
-Four car dealerships | Ford, Chevrolet, Cadillac, Audi
EL CAR WASH HIGHLIGHTS
-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