Overview

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

• Located along N. Charles Richard Beall Blvd., a major commuter and retail thoroughfare that sees 34,500 vehicles passing by daily
• The asset is located near the highly trafficked West Volusia Towne Center that serves over 1.8 million visitors per year (per Placer.ai)
• The property benefits from has excellent visibility and access via significant street frontage and a large monument sign
• The Mr. Clean Car Wash is strategically located as an outparcel to Walmart Neighborhood Market, providing a strong customer base from which to draw
• The property is located in a dense retail corridor with national/tenant credits including Walmart Supercenter, The Home Depot, Lowe’s, Target, and Publix
• Strong tenant synergy promotes crossover shopping to the subject property

---