3020 S Pine Ave - Mr. Clean Car Wash | Corp Abs NNN w/ 18+ Yrs
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3020 S Pine Ave - Mr. Clean Car Wash | Corp Abs NNN w/ 18+ Yrs
3,302 SF Speciality Building Offered at £4,190,646 at a 6.75% Net Initial Yield in Ocala, FL 34471
Investment Highlights
- 18.5+ Years Remaining | Corporate Guaranteed Lease | Annual Rental Increases | Options To Extend
- Special Tax Advantages | Bonus Depreciation
- Signalized Intersection | Excellent Visibility & Access | Demographics In 5-mile Trade Area
- Absolute NNN | Fee Simple Ownership | Zero Landlord Responsibilities | No State Income Tax
- National/Credit Tenant Presence | Dense Retail Corridor
Executive Summary
• Mr. Clean Car Wash corporate guaranteed lease
• Over 18.5 years remaining with 4 (5-year) option periods to extend
• The lease features 1.25% annual rental increases throughout the initial term and option periods
• The investment is strategically located along S. Pine Ave., a major commuter and retail thoroughfare that sees 39,500 vehicles passing by daily
• The asset is located near the highly trafficked, signalized intersection of S. Pine Ave and SE. 32nd St (60,000 VPD)
• The property benefits from has excellent visibility and access via significant street frontage and a large monument sign
• Over 18.5 years remaining with 4 (5-year) option periods to extend
• The lease features 1.25% annual rental increases throughout the initial term and option periods
• The investment is strategically located along S. Pine Ave., a major commuter and retail thoroughfare that sees 39,500 vehicles passing by daily
• The asset is located near the highly trafficked, signalized intersection of S. Pine Ave and SE. 32nd St (60,000 VPD)
• The property benefits from has excellent visibility and access via significant street frontage and a large monument sign
Property Facts
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PROPERTY TAXES
| Parcel Number | 30367-002-02 | Improvements Assessment | £349,091 |
| Land Assessment | £135,229 | Total Assessment | £484,320 |
PROPERTY TAXES
Parcel Number
30367-002-02
Land Assessment
£135,229
Improvements Assessment
£349,091
Total Assessment
£484,320
zoning
| Zoning Code | B-4 |
| B-4 |
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3020 S Pine Ave - Mr. Clean Car Wash | Corp Abs NNN w/ 18+ Yrs
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