Confidentiality Agreement

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3 Income-Producing Properties

5220 SE Federal Highway, Stuart, FL, 34997
Sold

Property Details

  • Property Type: Auto Related, Freestanding, Investment
  • Availability: Sold
  • Transaction Type: Sold
  • Lot Size: 2.19 AC
  • Zoning Description: R3-A
  • Frontage: +/-300'

Property Description

3 Income-Producing Properties

  • A total of 3 buildings including a car wash all leased out on long term leases. Extremely clean and very well maintained property. The car wash is in impeccable condition!
  • This is a self serve automatic car wash. There are 7 tunnels, 3 automatic touchless and 4 self serve bays. There are 9 vacuum stations set up, a vending station, and the owner has their own office right on site with plenty of room for storage. ALL the equipment has been replaced within the last 5 years (a value of over $517,000)
  • There is also an oil change shop and a transmission shop on site. The current leases in place are the Jiffy Lube at $7500 NNN and Transmission shop is $3000 NNN. The car wash pays $5000 right now but is being increased to $6000 NNN.
  • The owner is a hands on owner, he does most of the repairs and has a maintenance guy on staff full time to take care of everything else.
  • EVEN THROUGH THIS DIFFICULT TIME OF COVID-19 THE CAR WASH IS STILL SEEING OVER 200 CARS A DAY!! BUSINESS HAS NOT SLOWED DOWN!!

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Financial Summary

Investment Highlights

Price $0.00
Price / Unit $0.00
Gross Rent Multiplier 0.00
Proposed Loan Amount $0.00
Initial Investment $0.00

 

Income & Expenses

Income
Potential
Current

 

Expense
Potential
Current
Total Expenses
$ 0.00
$ 0.00
Net Operating Income $0.00 $0.00
Less Debt Service $0 $0
Potential Net Cash Flow $0.00 $0.00
Cash on Cash Return 0.00 % 0.00 %
Capitalization Rate 0.00 % 0.00 %

Rent Roll

Unit
BR/BA
Current Monthly Rent
Potential Monthly Rent
Status
Lease Expires

Totals

$ 0.00

$ 0.00

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