Triple-Net Express Car
63 Little Cypress Drive Saint Johns, FL 32259
New
63 Little Cypress Drive, Saint Johns, FL, 32259
$6,405,000
For Sale
$6,405,000
Express car wash on a long-term net lease with 17+ years remaining and multiple extension options.
Days on Market1
Property Features for 63 Little Cypress Drive
General Information
- Standard status
- Active
- Property subtype
- Retail
Building Details
- Year Built
- 2024
Listing Agency
(703) 434-2599
Listed by
Patrick Nutt · License #FL SL3257920
(703) 434-2599
Source
Srsre
Added: Jul 18 Checked: Jul 18 at 4:37 am
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 Patrick Nutt
Investment Insights
Based on property information with market context.
This express car wash is leased on a triple-net structure, with the tenant paying for CAM, taxes, insurance, and maintaining the premises. Public remarks indicate there are 17+ years remaining on the initial lease term, along with four (5-year) extension options, supporting a long-term tenant commitment. Lease economics include 1.50% annual increases throughout the initial term and options.
The property is positioned along Race Track Rd, which averages 19,000 VPD, and is described as having multiple points of ingress/egress with excellent visibility. The site also benefits from nearby on and off-ramp access to Interstate 95 (126,000 VPD) and access to Highway 1 (30,000 VPD).
The remarks also note the property may be eligible for 100% bonus depreciation (please consult a qualified tax advisor). The surrounding retail area includes Durbin Pavilion about 2 miles away, and additional national tenants are described in the trade area.
The property is positioned along Race Track Rd, which averages 19,000 VPD, and is described as having multiple points of ingress/egress with excellent visibility. The site also benefits from nearby on and off-ramp access to Interstate 95 (126,000 VPD) and access to Highway 1 (30,000 VPD).
The remarks also note the property may be eligible for 100% bonus depreciation (please consult a qualified tax advisor). The surrounding retail area includes Durbin Pavilion about 2 miles away, and additional national tenants are described in the trade area.
Key Highlights
- Year built 2024 express car wash on a long‑term net lease
- 17+ years remaining on the initial lease term with four (5‑year) extension options
- 1.50% annual increases throughout the initial term and extension options
Property Analytics
Location Intelligence
Current Use by Public Records
Car washes
Similar For Sale Nearby
FAQs
What type of property is this?
Car wash - Express car wash on a long-term net lease with 17+ years remaining and multiple extension options.
Where is this car wash located?
The property is located at 63 Little Cypress Drive Saint Johns, FL.
What is the asking price?
The asking price for this property is $6,405,000.
What are key features of this property?
This property features: Year built 2024 express car wash on a long‑term net lease; 17+ years remaining on the initial lease term with four (5‑year) extension options; 1.50% annual increases throughout the initial term and extension options
