13866 Boggy Creek RdOrlando, FL 32824

Property Details for 13866 Boggy Creek Rd

Lot size

0.78 AC

Zone code

P-D

Property type

Land

Property subtype

Commercial land

APN

28-24-30-3140-03-000

APU

282430314003000

Description

This Class A, 3,200 sq ft car wash in Orlando, FL, offers a compelling sale-leaseback opportunity. Boasting a 20-year absolute NNN lease with a corporate guarantee from El Car Wash, the largest and fastest-growing car wash brand in Florida, this property provides exceptional stability and significant income potential. The lease features a 6.25% cap rate and a substantial $375,000 annual NOI, with 2% annual rent bumps built in. Situated on a 0.78-acre lot with 24 parking spaces, the property benefits from high visibility on Boggy Creek Road (approx. 32,420 vehicles per day) and proximity to major retail centers, including a Publix-anchored shopping center and a Target-anchored development. The location is within a rapidly growing area, experiencing a 31% population increase since 2020 and projected 4.31% annual growth within a 1-mile radius over the next 5 years. Furthermore, the property is near significant residential and commercial developments, including 1,500+ apartment units, two planned hotels, Lake Nona Medical City, and Orlando International Airport. The property's strong location, long-term lease, and built-in rent increases make it an attractive investment opportunity with a conservative Year-3 EBITDAR projection of $1.5 million. The single-tenant building, constructed in 2024, features El Car Wash's latest prototype and a 100-foot tunnel. The sale includes six, 5-year lease options. The average household income within a 3-mile radius exceeds $122,000. This investment is eligible for bonus depreciation.

• Alternative Use

  Use

  Valuation

  Residential

  $10,704,743

  Hospitality

  $9,805,487

  Educational

  $8,158,050

  Medical

  $8,438,618

  Retail

  $12,690,301

Location Insight

City

Orlando

County

Orange

State

Florida

Latitude

28.3634

Longitude

-81.3103

CBSA code

36740

CBSA name

ORLANDO-KISSIMMEE, FL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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