510 State Road 434Winter Springs, FL 32708
Florida car wash, 20-year NNN lease.
Overview
- Added:
- Dec 11, 2024
- Days on market:
- 117
Highlights
- El Car Wash corporate guarantee.
- 20-year NNN lease with 2% annual rent increases and six 5-year renewal options; $10.3M+ guaranteed income.
- 6,318 SF Class A car wash on 1.16-acre lot with 26 parking spaces; renovated in 2025.
- Prime location on State Road 434 (56,920+ VPD) near US Highway 17-92 (48,500 VPD), Winn-Dixie, Big Lots, and LA Fitness-anchored shopping centers.
- Strong demographics: 76,200+ residents within a 10-minute drive, average household income exceeding $105,000.
- $6,800,000 asking price, $425,000 NOI, 6.25% cap rate (7.59% average cap rate over base lease term).
Property Details for 510 State Road 434
- Property type
- Specialty properties, Retail properties
- Square Feet
- 6,318 SF
- Class
- A
- Year Built/Renovated
- 2019/2025
- Buildings
- 1
- Lot Size (sq. ft)
- 50,530 SF
- Units
- 1
Location Insight
- City
- Winter Springs
- County
- Seminole
- State
- Florida
- Latitude
- 28.6986111
- Longitude
- -81.3107744
Nearby Similar for Sale
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