345 W Duval St Lake City, FL 32055
Property Features for 345 W Duval St
General Information
- Property type
- Commercial
- Standard status
- Active
- Lot size
- 1.26 Acres
Source:
Elliman
Listing Agent: Benedict Gutierrez
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
Overview
Whistle Express Car Wash Investment
The subject property is a Whistle Express Car Wash located in Lake City, FL. The location benefits from traffic of over 19,000 cars per day. The property is leased on an Absolute NNN basis with approximately 13 years remaining on the lease. The lease is guaranteed by Whistle Express, which recently acquired Take 5 Car Wash. This acquisition has formed the nation’s largest express wash operator. The tenant is backed by Oaktree Capital Management, which has over $200 billion in assets under management. The lease includes 1.75% annual rent increases and four renewal options. The investment is eligible for accelerated depreciation.
Location Intelligence
Current Use by Public Records
Take 5 Car ...
Car Wash
Location Insight
- Map
- Local Demand
- City
- Lake City
- County
- Columbia
- State
- Florida
- Longitude
- -82.641518
- Latitude
- 30.189678
Nearby Similar for Sale
FAQs
What type of property is this?
Car wash - NNN leased car wash with 13 years remaining.
Where is this car wash located?
The property is located at 345 W Duval St Lake City, FL.
What is the asking price?
The asking price for this property is $5,120,000.
What are key features of this property?
This property features: - Absolute NNN lease with approximately 13 years remaining, providing a passive income stream.; - Guaranteed by Whistle Express, the nation's largest express car wash operator after acquiring Take 5 Car Wash.; - Tenant is backed by Oaktree Capital Management, offering strong financial stability.
