345 W Duval St, Lake City, FL

House

For Sale

Listed price in listed location currency (USD).

$5,120,000

000

MLS® A12069869

Overview

Key Facts

Type Business

Levels Commercial Sale

Size -

Garage

Taxes

Days Active 7

Lot Size 1.26 Acres

Approx. Age

MLS® Number A12069869

Property Address: 345 W Duval St, Lake City, FL, 32055-3991

Average square foot calculated using Size range provided by listing agent.

Description

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.

MLS® NumberA12069869

Laundry Level

Central VacNo

FireplaceNo

Acreage

Exterior

Garage

Approx. Age

Basement

Driveway

Garage Spaces

Heat

A/C

Extras

Map

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