Special Purpose · Commercial Sale
345 W Duval Street, Other City - In The State Of Florida FL 32055
Other City - In The State Of Florida, FL, 32055
$5,120,000
Presented by Parvani Commercial Group, Inc.
About This Property
Exceptional passive investment opportunity featuring a Whistle Express Car Wash in Lake City, FL, positioned along a highly visible corridor with traffic counts exceeding 19,000 vehicles per day. The property is leased on an Absolute NNN basis, requiring no landlord maintenance responsibilities, with approximately 13 years remaining on the initial lease term. The lease is backed by a corporate guaranty from Whistle Express and includes 1.75% annual rent increases. Following its acquisition of Take 5 Car Wash, Whistle Express operates the nation’s largest express car wash platform and is backed by Oaktree Capital Management, a global investment manager with more than $200 billion in assets under management. The property may offer substantial tax advantages through accelerated depreciation. Contact the listing broker for additional information.
Property Details
- Property Type
- Special Purpose
- Status
- Active
- MLS #
- A12069869
- Building Area
- 10,374 SF
- Lot Size
- 54,842 SF
- Days on Market
- 0
- Price
- $5,120,000