3080 Dykes Rd Pembroke Pines, FL 33027
- Specialty properties
- 3,280 SF
- 0.90 lot acres
Current Use by Public Records
- Specialty properties
Property Details for 3080 Dykes Rd
- Year built
- 2023
- Lot size
- 0.90 lot acres
- Property size
- 3,280 SF
- Property type
- Specialty properties
- Property subtype
- Car washes
Description
Exceptional investment opportunity: a newly constructed (2023), 3,280 square foot, single-tenant car wash in Pembroke Pines, Florida. Located at 3080 Dykes Rd, this property boasts a 0.9-acre lot and enjoys exceptional visibility and accessibility, situated near I-75 and Miramar Parkway, experiencing high daily traffic exposure. The property is 100% occupied under an absolute triple-net lease with a corporate guarantee from El Car Wash, Florida's largest premier express car wash company. The lease features a 19-year initial term with six 5-year renewal options and a favorable 2% annual rent escalation. This translates to approximately $11 million in guaranteed rental income over the lease term. The asking price is $7,539,000, representing a 6.25% cap rate. Investors benefit from bonus depreciation eligibility (60% in 2024, decreasing to 40% in 2025), significantly enhancing tax advantages. This turnkey investment offers a strong income stream, minimal landlord responsibilities, and significant long-term growth potential due to the tenant's market dominance and expansion plans. The property's strategic location and the strength of the corporate guarantor combine to create a compelling investment opportunity with substantial returns. The property is located in Broward County, Florida, zip code 33027.
Value Estimation
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Pembroke Pines
- County
- Broward
- State
- Florida
- Longitude
- -80.3603
- Latitude
- 25.9804
