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345 W Duval St Lake City, FL 32055

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For Sale
$5,120,000

NNN leased car wash with 13 years remaining.

Lot size:
1.26 Acres

Property Features for 345 W Duval St

General Information

Property type
Commercial
Standard status
Active
Lot size
1.26 Acres

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Listing Contact
Benedict Gutierrez
Source: Elliman

Listing Agent: Benedict Gutierrez

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

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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

Suggested Use

Real Estate Agency Restaurant Law Firm Dental Office Spa & Massage Center Hair Salon Nail Salon Building Supply Gym & Fitness Center Auto Repair Shop

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

Location Insight

  • Map
  • Local Demand
City
Lake City
County
Columbia
State
Florida
Longitude
-82.641518
Latitude
30.189678

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.
More about this property
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