Absolute NNN Car Wash Ground
For Sale
Contact for pricing
3430 Southwest Martin Highway, Palm City, FL 34990
19-year absolute NNN ground lease with rental increases scheduled every five years.
Property Size3,528 SF
Price / SF$928.29
Days on Market102
Property Features for 3430 Southwest Martin Highway
General Information
Standard status
Active
Size
3,528 SF
Class
A
Property subtype
Retail
Occupancy
100%
Lease Type
Absolute Net
Investment Type
Net Lease
Net Operating Income
$180,000
Additional Details
Business Included
Yes
Highway Access
Yes
Building Details
Year Built
2025
Units
1
Tenancy
Single
Listing Agency:
CBRE - Orlando
Listed By:
Raymond Romano · License #FL 3041785
(407) 808-1657
Source:
Crexi
Added: May 28
Changed: Sep 3
Last Checked: Sep 2 at 11:40PM
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 CBRE - Orlando
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
Current Use
Lease Details
Turnkey business
Opportunity
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
432
Businesses Nearby
65k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 74%
Dining 15%
Home Improvements & Furnishings 11%
Wawa
Shops & Services
31,264 visits/mo
0.1 miles
Mobil
Shops & Services
15,368 visits/mo
0.2 miles
Dunkin' Donuts
Dining
9,912 visits/mo
0.3 miles
Tractor Supply Co.
Home Improvements & Furnishings
6,922 visits/mo
0.1 miles
CubeSmart Self Storage
Shops & Services
1,323 visits/mo
0.3 miles
Demographics for 34990, FL
31,160
Population
13,641
Households
2.3
Avg Household Size
51
Median Age
49%
College-Educated
97%
High-School Grad
103.0 sq mi
ZIP Area
303
Density / Sq Mi
$120,407
Median Household Income
$56,905
Median Earnings
$1,958
Median Rent
$558,300
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 - 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.
