Express Car Wash
For Sale
Contact for pricing
3525 Millenia Blvd, Orlando, FL 32839
Leased express wash with an absolute NNN structure and scheduled annual rent escalations.
Property Size5,000 SF
Price / SF$689.08
Days on Market61
Property Features for 3525 Millenia Blvd
General Information
Standard status
Active
Size
5,000 SF
Property subtype
Special Purpose
Occupancy
100%
Lease Type
Absolute Net
Investment Type
Sale/Leaseback
Net Operating Income
$205,000
Building Details
Tenancy
Single
Abandoned
No
Listing Agency:
Northmarq
Listed By:
Maxwell Eaton · License #341497
Source:
Crexi
Added: Aug 18
Changed: Oct 1
Last Checked: Oct 16 at 6:01AM
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 Northmarq
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Investment Insights
Based on property information with market context.
This 5,000-square-foot express car wash property is leased to Waters Car Wash under an original 20-year Absolute NNN lease. The agreement provides 1.50% annual rent increases during the initial term and each of four 5-year extension options.
The fee simple property is located at 3525 Millenia Blvd in Orlando, Florida. Its lease structure places responsibility for property-related operating costs with the tenant as specified under the Absolute NNN arrangement. The asset combines an established automotive use with a long-term lease framework and multiple contractual extension periods.
The fee simple property is located at 3525 Millenia Blvd in Orlando, Florida. Its lease structure places responsibility for property-related operating costs with the tenant as specified under the Absolute NNN arrangement. The asset combines an established automotive use with a long-term lease framework and multiple contractual extension periods.
Key Highlights
- 5,000‑square‑foot express car wash property
- Leased to Waters Car Wash
- Original 20‑year Absolute NNN lease
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$105,197
Cap Rate
3.05%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,103,940
$2.1M
Cap Rate 7%
$1,502,814
$1.5M
Cap Rate 9%
$1,168,856
$1.2M
Market Conditions
NOI Build-Up for 5,000 SF
Gross rent
$145.2K $29.04/SF
− Vacancy
−$4.9K −$0.99/SF
EGI
$140.3K $28.05/SF
− OpEx
−$35.1K −$7.01/SF
NOI
$105.2K $21.04/SF
Area
Orlando, FL
Vacancy
3.40%
Lease Rate
$29.04 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,103,940
Cap Rate 7%
$1,502,814
Cap Rate 9%
$1,168,856
Alternative Uses
Best Use
Specialty Retail
$1.50M
$1.31M – $1.75M
NOI $105,197 @ 7.0% cap · market cap 3.05%
Second Best
Retail
$1.40M
$1.23M – $1.64M
NOI $98,184 @ 7.0% cap · market cap 2.85%
Theoretical Best
Office A
$1.61M
$1.41M – $1.88M
NOI $112,747 @ 7.0% cap · market cap 3.27%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
888
Businesses Nearby
488k
Monthly Visits Nearby
Explore this area
Business Placement
Foot Traffic Nearby
Shops & Services 34%
Superstores 29%
Dining 19%
Groceries 10%
Costco Wholesale
Superstores
141,761 visits/mo
0.5 miles
Wawa
Shops & Services
57,824 visits/mo
0.0 miles
Costco Gasoline
Shops & Services
54,190 visits/mo
0.4 miles
Publix
Groceries
47,522 visits/mo
0.5 miles
Academy Sports + Outdoors
Apparel
34,257 visits/mo
0.3 miles
Demographics for 32839, FL
58,641
Population
24,325
Households
2.4
Avg Household Size
32
Median Age
21%
College-Educated
83%
High-School Grad
7.4 sq mi
ZIP Area
7,924
Density / Sq Mi
$50,814
Median Household Income
$31,648
Median Earnings
$1,429
Median Rent
$250,800
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in Orlando, FL
Frequently Asked Questions
What type of property is this?
Car wash - Leased express wash with an absolute NNN structure and scheduled annual rent escalations.
Where is this car wash located?
The property is located at 3525 Millenia Blvd Orlando, FL.
What is the asking price?
The asking price for this property is $3,445,378.
What are key features of this property?
This property features: 5,000‑square‑foot express car wash property; Leased to Waters Car Wash; Original 20‑year Absolute NNN lease
