Ocala, FL - Mr. Clean Car Wash

Description:

• Mr. Clean Car Wash corporate guaranteed lease
• Over 18.5 years remaining with 4 (5-year) option periods to extend
• The lease features 1.25% annual rental increases throughout the initial term and option periods
• The property qualifies for bonus depreciation (see pg. 8 for details)
• The bonus depreciation of fueling/convenience store equipment allows investors to qualify for a 60% depreciation deduction under the 2024 code

• The investment is strategically located along S. Pine Ave., a major commuter and retail thoroughfare that sees 39,500 vehicles passing by daily
• The asset is located near the highly trafficked, signalized intersection of S. Pine Ave and SE. 32nd St (60,000 VPD)
• The property benefits from has excellent visibility and access via significant street frontage and a large monument sign
• The subject property is located in a dense retail corridor with national/tenant credits including Walmart Supercenter, Target, Lowe’s, The Home Depot, Best Buy, Publix, and more
• Strong tenant synergy promotes crossover shopping to the subject property