Fort Pierce, FL - Caliber Car Wash

Description:

• The tenant, Caliber Car Wash, is an experienced car wash operator with 50+ locations in five different states throughout the Southeast as well as multiple future locations currently under development
• Caliber Car Wash signed a brand new 20-year lease with 4 (5-year) options to extend, demonstrating their long-term commitment to the site
• The lease features 1.50% annual rental increases, growing NOI, hedging against inflation, and increasing return on the investment

• The subject property is strategically fronting US Hwy 1 averaging 39,100 VPD
• Next to Taylor Creek Commons, a 60,000 SF Publix-anchored neighborhood center that features national tenants such as CVS, Family Dollar, Wendy’s, and more
• Located 4 miles from Treasure Coast International Airport (FPR)
• The most recent development project underway in Fort Pierce is called King’s Landing, set to be built on the seven acres of land between Second Street and Indian River Drive in downtown Fort Pierce
• More than 64,000 residents and 28,000 employees support the trade area
• $62,937 average household income