Current Use by Public Records
- Specialty properties
Property Details for 3720 Fiske Blvd
- Year built
- 2024
- Lot size
- 0.75 lot acres
- Property type
- Specialty properties
- Property subtype
- Car washes
Description
Exceptional investment opportunity: This thriving El Car Wash, located at 3720 S Fiske Blvd, Rockledge, FL 32955, is offered at $6,800,000. The property boasts a 1,500 square foot building situated on a 0.75-acre lot, currently operating under a 20-year triple net (NNN) lease with a strong annual net operating income (NOI) of $425,000 and a 6.25% cap rate. Built in 2024, the car wash enjoys 100% occupancy and benefits from a strategic location on a Lowe's outparcel, a top 14% performer nationally in sales and visits (approx. 1 million annually, per Placer.ai). The high-traffic area sees over 26,000 vehicles daily on Fiske Blvd, 16,000 on Barnes Blvd, and 73,000 on I-95. The surrounding area is densely populated (over 33,000 within a three-mile radius), with a growing population (over 1% annual growth) and high average household incomes (over $104,000 within one mile, $97,000 within five miles). This prime location is also convenient to Orlando and Cape Canaveral, and near other national tenants such as Discount Tire, CVS, Walgreens, Dunkin', 7-Eleven, and Ruby Tuesday. The lease includes annual rent increases of 2%, ensuring consistent growth and a secure investment for the next two decades. This is a rare opportunity to acquire a high-performing, well-located car wash with significant long-term potential.
Value Estimations
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AI approach
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Rockledge
- County
- Brevard
- State
- Florida
- Longitude
- -80.7422
- Latitude
- 28.2982
