El Car Wash - West Palm Beach, FL

Colliers is pleased to present the sale of El Car Wash in West Palm Beach, Florida, a newly constructed (2023) express car wash strategically located within Palm Beach County’s largest residential growth corridor. Surrounded by the rapidly expanding Westlake and Arden master-planned communities, which are entitled for more than 6,500 homes, the property benefits from exceptional demographics, including a one-mile average household income of $257,714. The asset is secured by a corporate-guaranteed absolute triple net lease with more than 17 years of primary term remaining, six five-year renewal options, and 2% annual rent increases throughout the lease term and options. With no landlord responsibilities, strong long-term income growth, and bonus depreciation eligibility, the offering provides a compelling combination of stability, growth, and tax advantages.

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