3119 Anderson Snow Rd Spring Hill, FL 34609
Profitable car wash with flexible lease and high traffic location.
Property size:
5,587 SFLot size:
1.16 AcresProperty Features for 3119 Anderson Snow Rd
General Information
- Size
- 5,587 SF
- Lot size
- 1.16 Acres
Source:
Moodyscre
Listing Agent: Jake Lurie
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
Overview
Established Car Wash on Large Lot
This car wash benefits from its location on a 1.20-acre lot with high traffic counts of over 38,000 vehicles per day between Anderson Snow Road and Spring Hill Drive. The property is strategically positioned across from a Walmart Neighborhood Market and within the same center as Walgreens. A brand-new AutoZone, Taco Bell, and Zaxby’s are located directly across Anderson Snow Road. Additional national retailers, including Publix, 7-Eleven, and Wendy’s, are situated just across Spring Hill Drive. The current tenant has been operating a successful business at this location since 2005. The tenant is willing to extend the lease term, offering the buyer the option of extending the lease or taking over operations on 1/31/2027. The nearest car wash is over 2 miles away. The property is located in Hernando County, Florida, which is experiencing growth in population and economic sectors. As of July 1, 2023, the county’s population was estimated at 212,807, a 9.4% increase since the 2020 Census count of 194,515. Projections indicate a population of approximately 224,551 by 2025, marking a 3% annual growth rate. The property is eligible for Bonus and Accelerated Depreciation; consulting a CPA is recommended for more information.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
Car washes
Location Insight
- Map
- Local Demand
- City
- Spring Hill
- County
- Pasco
- State
- Florida
- Longitude
- -82.4877848
- Latitude
- 28.4758509
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FAQs
What type of property is this?
Car wash - Profitable car wash with flexible lease and high traffic location.
Where is this car wash located?
The property is located at 3119 Anderson Snow Rd Spring Hill, FL.
What is the asking price?
The asking price for this property is $2,571,428.
What are key features of this property?
This property features: - Absolute NNN Lease: Tenant covers all property expenses, ensuring a passive investment.; - High-Yield: Offered at a 7.00% CAP Rate and priced below replacement cost.; - Flexible Lease: Option to extend the lease or take over operations on 1\/31\/2027.