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5985 Babcock St NE - El Car Wash 5,420 SF Specialty Building Offered at $9,726,369 CAD at a 6% Cap Rate in Palm Bay, FL 32907
Executive Summary
Northmarq is pleased to offer for sale to qualified investors, the opportunity to purchase an express car wash leased to El Car Wash with 18.8 years left on an original 20-year Absolute NNN lease. This lease includes 2% annual rent escalations throughout the base term and 6, 5-year extension options. Fee simple car wash properties qualify for Accelerated and Bonus Depreciation in 2026 (must consult a tax professional).
In Association With: Jason Long, FL Lic. #BK3302956
In Association With: Jason Long, FL Lic. #BK3302956
Property Facts
| Price | $9,726,369 CAD | Building Class | C |
| Price Per SF | $1,794.53 CAD | Lot Size | 1.70 AC |
| Sale Type | Investment | Building Size | 5,420 SF |
| Cap Rate | 6% | No. Stories | 1 |
| Property Type | Specialty | Year Built | 2022 |
| Property Subtype | Car Wash | Parking Ratio | 4.43/1,000 SF |
| Zoning | 2720 - Car Wash - Car Wash | ||
| Price | $9,726,369 CAD |
| Price Per SF | $1,794.53 CAD |
| Sale Type | Investment |
| Cap Rate | 6% |
| Property Type | Specialty |
| Property Subtype | Car Wash |
| Building Class | C |
| Lot Size | 1.70 AC |
| Building Size | 5,420 SF |
| No. Stories | 1 |
| Year Built | 2022 |
| Parking Ratio | 4.43/1,000 SF |
| Zoning | 2720 - Car Wash - Car Wash |
1 1
Fairly walkable
40/100
Exceptionally drivable
100/100
Limited public transit
30/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 28-37-34-50-00000.0-0002.00 | Improvements Assessment | $0 CAD |
| Land Assessment | $0 CAD | Total Assessment | $2,170,291 CAD |
Property Taxes
Parcel Number
28-37-34-50-00000.0-0002.00
Land Assessment
$0 CAD
Improvements Assessment
$0 CAD
Total Assessment
$2,170,291 CAD
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5985 Babcock St NE - El Car Wash
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