Greenacres, FL - El Car Wash

Description:

• 18.5 years remaining on the absolute NNN lease to El Car Wash, demonstrating long-term tenant commitment to the site
• Lease features 2.00% annual rental increases throughout the base term, providing steady NOI growth and an attractive inflation hedge
• Investment is backed by a corporate guaranty, offering additional credit support for the lease
• El Car Wash is a 100+ unit brand backed by Warburg Pincus, one of the largest private equity firms globally with $135B+ AUM

• Located along Lake Worth Road / State Road 802 (46,500 VPD), the primary east-west retail thoroughfare serving Greenacres, immediately east of its signalized intersection with S. Jog Road (99,000 VPD Combined)
• Convenient connectivity to Florida’s Turnpike (84,900 VPD) and Interstate 95 (258,000 VPD)
• Minutes from Palm Beach State College (40,000 students), John I. Leonard High School (3,262 students), and Lake Worth Community High School (2,825 students)
• Outparcel to a Marshalls, Presidente Supermarket, and Planet Fitness-anchored center; adjacent to Wells Fargo and Greenacres Bowl and across Lake Worth Road from Woodlake Plaza (Dollar General, Phoenix Theatres)
• Positioned in the heart of the Lake Worth Road retail corridor, surrounded by national and regional tenants including Target, Walmart Neighborhood Market, Publix, The Home Depot, Aldi, Walgreens, Wawa, Starbucks, Chick-fil-A, Culver’s, McDonald’s, Taco Bell, Wendy’s, RaceTrac, Discount Tire, Chase, PNC, TD Bank, and more
• Dense residential base directly surrounding the site including Chelsea Commons Apartments (210 units), Lakeside Residences (318 units), Wellington Vista (370 units), Elan Polo Gardens (284 units), Nautica Isles West (474 units), and Villages at Lake Worth Apartments (216 units)

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Listing ID: a28TP000003aSYjYAM