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11453 Southern Blvd - El Car Wash 4,809 SF Specialty Building Offered at $10,318,449 CAD at a 5.75% Cap Rate in Royal Palm Beach, FL 33411
Investment Highlights
- Outstanding Site Level Performance
- Rare STNL Car Wash Offering In Royal Palm Beach
- Long Term NNN Lease
- 100% Bonus Depreciation
Executive Summary
Surmount is pleased to present the exclusive listing for an El Car Wash located at 11453 Southern Boulevard, Royal Palm Beach, FL 33411. The site consists of roughly 4,809 rentable square feet of building space on an estimated 1.15-acre parcel of land. El Car Wash is subject to a 20-year Triple Net (NNN) lease, which commenced 12/19/2023. The current annual rent is $429,789 and has scheduled increases of 2.00% Annually.
Property Facts
| Price | $10,318,449 CAD | Building Class | B |
| Price Per SF | $2,145.65 CAD | Lot Size | 1.15 AC |
| Sale Type | Investment NNN | Building Size | 4,809 SF |
| Cap Rate | 5.75% | No. Stories | 1 |
| Property Type | Specialty | Year Built | 2018 |
| Property Subtype | Car Wash | Parking Ratio | 6.86/1,000 SF |
| Zoning | IG - Industrial General | ||
| Price | $10,318,449 CAD |
| Price Per SF | $2,145.65 CAD |
| Sale Type | Investment NNN |
| Cap Rate | 5.75% |
| Property Type | Specialty |
| Property Subtype | Car Wash |
| Building Class | B |
| Lot Size | 1.15 AC |
| Building Size | 4,809 SF |
| No. Stories | 1 |
| Year Built | 2018 |
| Parking Ratio | 6.86/1,000 SF |
| Zoning | IG - Industrial General |
Amenities
- Signage
1 1
Fairly walkable
50/100
Very drivable
80/100
Limited public transit
30/100
Moderately bikeable
70/100
Property Taxes
| Parcel Number | 72-41-43-35-00-000-7380 | Improvements Assessment | $0 CAD |
| Land Assessment | $0 CAD | Total Assessment | $5,840,766 CAD |
Property Taxes
Parcel Number
72-41-43-35-00-000-7380
Land Assessment
$0 CAD
Improvements Assessment
$0 CAD
Total Assessment
$5,840,766 CAD
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11453 Southern Blvd - El Car Wash
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