Vero Beach, 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 is operating under a 20-year lease with 4 (5-year) options to extend, demonstrating their long-term commitment to the site
• The lease features 1.25% annual rental increases, growing NOI, hedging against inflation, and increasing return on the investment

• Within close proximity to multiple national/credit tenants including Walmart, Publix, TJ Maxx, Staples, Wawa, 7-Eleven, and more
• Strong tenant synergy increases consumer draw to the immediate subject trade area and promotes crossover tenant exposure to the site
• The asset is located just one mile south of the Indian River Apartments (180 units) and the Palms at Vero Beach (259 units), providing a direct residential consumer base from which to draw