Express Car
New
For Sale
$7,606,885
15389 Southern Blvd, Loxahatchee, FL 33470
New construction carries an absolute NNN lease with scheduled annual increases.
Property SizeContact for details
Days on Market2
Property Features for 15389 Southern Blvd
General Information
Standard status
Active
Property subtype
Specialty
Additional Details
Cap Rate
5.65%
Building Details
Year Built
2023
Tenancy
Single
Listing Agency:
Fort Lauderdale
(561) 602-8390
Listed By:
Christopher Twist
(561) 602-8390
Source:
Colliers
Added: Aug 21
Changed: Aug 22
Last Checked: Aug 22 at 4:44AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Fort Lauderdale
Investment Insights
Based on property information with market context.
Completed in 2023, this express car wash at 15389 Southern Blvd features a newly constructed operating facility leased to El Car Wash. The lease is structured as absolute NNN through December 31, 2043, placing maintenance, repairs, and capital expenditures with the tenant rather than the landlord.
Lease economics include 2% annual rent increases during the initial term and each renewal period, along with six additional five-year options. The obligation is supported by a corporate guaranty, and fee simple ownership is included. The property is positioned within a residential growth corridor near the Westlake and Arden master-planned communities, which are entitled for more than 6,500 homes.
Lease economics include 2% annual rent increases during the initial term and each renewal period, along with six additional five-year options. The obligation is supported by a corporate guaranty, and fee simple ownership is included. The property is positioned within a residential growth corridor near the Westlake and Arden master-planned communities, which are entitled for more than 6,500 homes.
Key Highlights
- Completed in 2023
- Absolute NNN lease runs through December 31, 2043
- 2% annual rent increases during the initial term and option periods
Property Analytics
Current Use
Lease Details
Single-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
4
Businesses Nearby
Explore this area
Business Placement
Demographics for 33470, FL
30,308
Population
11,309
Households
2.7
Avg Household Size
41
Median Age
30%
College-Educated
91%
High-School Grad
205.1 sq mi
ZIP Area
148
Density / Sq Mi
$116,758
Median Household Income
$50,438
Median Earnings
$2,576
Median Rent
$532,200
Median Home Value
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Car wash - New construction carries an absolute NNN lease with scheduled annual increases.
Where is this car wash located?
The property is located at 15389 Southern Blvd Loxahatchee, FL.
What is the asking price?
The asking price for this property is $7,606,885.
What are key features of this property?
This property features: Completed in 2023; Absolute NNN lease runs through December 31, 2043; 2% annual rent increases during the initial term and option periods
