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525 E Merritt Island Cswy Merritt Island, FL 32952

For Sale
$6,230,769

NNN leased car wash on 2.07-acre parcel.

Property size:
1,789 SF
Lot size:
2.60 Acres

Property Features for 525 E Merritt Island Cswy

General Information

Size
1,789 SF
Lot size
2.60 Acres

Source: NNN Pro Group Agent Glen Kunofsky

Displayed information is deemed reliable but is not guaranteed and should be independently verified.


Overview

Merritt Island Car Wash Investment

The property at 525 East Merritt Island Causeway, Merritt Island, Florida, is an El Car Wash. It features approximately 1789 rentable square feet of building space on an estimated 2.07-acre parcel of land. The property is subject to a 20-year Triple Net (NNN) lease, commencing upon the close of escrow. The annual rent is $405,000, with scheduled increases of 2.00% annually. The property can be categorized as a car wash, automotive property, retail property, NNN property, or specialty property.
Location Intelligence

Current Use by Public Records

Car washes

Suggested Use

Restaurant Realty agency Law Firm Building Supply Dental Office Spa & Massage Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

Zoning and permitted uses should be independently verified with local authorities.

Location Insight

  • Map
  • Local Demand
City
Merritt Island
County
Brevard
State
Florida
Longitude
-80.6899455
Latitude
28.3562622

FAQs

What type of property is this?
Car wash - NNN leased car wash on 2.07-acre parcel.
Where is this car wash located?
The property is located at 525 E Merritt Island Cswy Merritt Island, FL.
What is the asking price?
The asking price for this property is $6,230,769.
What are key features of this property?
This property features: - 20-year Triple Net (NNN) lease in place.; - Annual rent of $405,000.; - Enjoy 2.00% annual rent increases.
More about this property
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