42321 Us-27 Davenport, FL 33837
- Specialty properties
- 1,500 SF
- 0.75 lot acres
Current Use by Public Records
- Specialty properties
Property Details for 42321 Us-27
- Year built
- 2024
- Lot size
- 0.75 lot acres
- Property size
- 1,500 SF
- Property type
- Specialty properties
- Property subtype
- Car washes
Description
Exceptional investment opportunity: a thriving El Car Wash in Davenport, Florida, is available for purchase at $6,800,000. This 1,500 square foot facility sits on a 0.75-acre lot at 42321 US-27, in a high-traffic area with strong retail presence. The property boasts a 20-year triple-net (NNN) lease with a corporate guarantee from El Car Wash (a company with 40+ locations), ensuring minimal landlord responsibilities. The lease commenced upon closing and features a $425,000 annual rent with a 2% annual increase, providing consistent income growth. The property benefits from its location near major retailers such as McDonald's, Wendy's, and Target, and enjoys high traffic counts due to its proximity to US Highway 27 and Interstate 4 (60,400 and 115,000 vehicles daily, respectively). The property's proximity to Walt Disney World Resort (approximately ten miles away) further enhances its appeal. Built in 2024, this car wash offers a 6.25% cap rate and 100% occupancy, making it an attractive investment with significant long-term potential. The lease includes six five-year renewal options.
Value Estimation
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Davenport
- County
- Polk
- State
- Florida
- Longitude
- -81.6399
- Latitude
- 28.2149
