Ocean Prime - Sarasota, FL
501 Quay Commons, Sarasota, FL, 34236, US
¥2,996,739,000 | 1,132 sm
Description
Jones Lang LaSalle Americas, Inc. (“JLL”) is pleased to offer the opportunity to acquire the single-tenant Mister Car Wash at 11317 Narcoossee Road in Lake Nona, Florida (“Property” or “Asset”). The Property is operating on an absolute NNN lease with ±18.3 years of primary lease term remaining, 1.50% annual rent escalations and four, five-year options.
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Attributes
Asking price
¥1,052,850,000
Cap rate
5.7%
NOI
¥59,993,000
WAULT
18.3 years
Land area gross
0.66 ha
Building area net
348 sm
Media
Investment highlights
- Bonus depreciation eligible (check with your CPA)
- Fee simple with ±18.3 years of primary lease term remaining
- Frontage on Narcoossee Rd, just off SR 417 w/ 107,000 VPD
- Mister Car Wash is the largest national car wash brand in the U.S.
- Adjacent to AdventHealth ER & under construction AdventHealth Hospital, a $423M, 10-story hospital set to open in Dec 2026
- Lake Nona is one of the fastest-growing submarkets in the Orlando MSA
- 7 miles to Orlando International Airport with 57.7M annual passengers
- 245% population growth since 2010 within a 3-mile radius
- Adjacent to Lake Nona Landing, a top 2% shopping center in FL & the U.S.
Contact brokers
Mister Car Wash - Lake Nona FL (0 Properties)
