ModWash - Atlantic Retail

Rare, 20-Year Ground Lease with one of the largest car wash operators in the US
ModWash currently operates approximately 70 car washes in 11 states and has approximately 40+ locations in development
Corporately guaranteed ground lease provides completely passive ownership and stable cash flow for out of state investor
Priced below replacement cost, average tenant investment is $3.5 million +/- in addition to the land value
10% rental increases provide hedge against inflation and a 6.09% average return over the initial lease term
High-profile location with excellent visibility and access to 27,500 cars per day along 49th Street
Dense in-fill market with over 126,000 people within 3 miles
From 2016 – 2021 the Tampa-St. Petersburg-Clearwater MSA’s population grew by 5.6% to over 3.2 million people, ranking it as one of the fastest growing large MSAs in the Country
Florida has no state income tax and in 2022 ranked as the fastest growing state in the US with nearly 10,000 people moving to the Sunshine State every week