Absolute NNN Car Wash Ground
3430 Southwest Martin Highway Palm City, FL 34990
3430 Southwest Martin Highway, Palm City, FL, 34990
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For Sale
Contact for pricing
19-year absolute NNN ground lease with rental increases scheduled every five years.
Property Size3,528 SF
Price / SF$928.29
Days on Market56
Property Features for 3430 Southwest Martin Highway
General Information
- Standard status
- Active
- Size
- 3,528 SF
- Property subtype
- Retail
Building Details
- Year Built
- 2025
Listing agency
CBRE - Orlando
(407) 808-1657
Listed by
Raymond Romano · License #FL 3041785
Source
Crexi
Added: May 28 Updated: Jul 10 at 1:52PM Checked: Jul 22 at 7:22AM
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Investment Insights
Based on property information with market context.
CBRE’s Net Lease Property Group presents an absolute NNN 19-year Waters Car Wash ground lease with “hands off” management. The lease includes rental increases of 10% every 5 years. Waters Car Wash has 48 locations and has been in operation for more than 60 years.
The property is located at 3430 Southwest Martin Highway in Palm City, Florida, within Palm Pike Crossing. It is positioned along a major east-west commuter corridor and is described as offering high visibility and easy ingress/egress designed for quick, convenient stops. The center is anchored by Wawa and Tractor Supply, and the regional draw includes traffic moving between Palm City, Stuart, I-95, and the Turnpike. The remarks also cite household incomes exceeding $150K in the surrounding area.
This offering may be of interest to investors seeking an absolute NNN structure tied to a branded car wash operator. The lease guarantor is Summit Wash Holdings, backed by New Mountain Capital, a multibillion-dollar private equity firm that formed Summit in 2022 and continues to fund expansion. The presentation also highlights Wawa and Tractor Supply as top-performing stores based on Placer.ai information included in the remarks.
The property is located at 3430 Southwest Martin Highway in Palm City, Florida, within Palm Pike Crossing. It is positioned along a major east-west commuter corridor and is described as offering high visibility and easy ingress/egress designed for quick, convenient stops. The center is anchored by Wawa and Tractor Supply, and the regional draw includes traffic moving between Palm City, Stuart, I-95, and the Turnpike. The remarks also cite household incomes exceeding $150K in the surrounding area.
This offering may be of interest to investors seeking an absolute NNN structure tied to a branded car wash operator. The lease guarantor is Summit Wash Holdings, backed by New Mountain Capital, a multibillion-dollar private equity firm that formed Summit in 2022 and continues to fund expansion. The presentation also highlights Wawa and Tractor Supply as top-performing stores based on Placer.ai information included in the remarks.
Key Highlights
- 19‑year absolute NNN Waters Car Wash ground lease (Year built: 2025).
- Rental increases scheduled every 5 years (10% increase).
- Tenant: Waters Car Wash; has 48 locations and has been in business for over 60 years.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Car washes
Similar For Sale Nearby
FAQs
What type of property is this?
Car wash - 19-year absolute NNN ground lease with rental increases scheduled every five years.
Where is this car wash located?
The property is located at 3430 Southwest Martin Highway Palm City, FL.
What is the asking price?
The asking price for this property is $3,275,000.
What are key features of this property?
This property features: 19‑year absolute NNN Waters Car Wash ground lease (Year built: 2025).; Rental increases scheduled every 5 years (10% increase).; Tenant: Waters Car Wash; has 48 locations and has been in business for over 60 years.
