6190 HOLLYWOOD BLVD

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6190 HOLLYWOOD BLVD

HOLLYWOOD, FL 33023
Asking Price
$2.50M
Cap Rate
5%
Asset Type
Auto Shop Retail
Class
Class B

What's Special

5.0% CAP | 100% Bonus Depreciation | Brand New-Expected to Open Early Summer 2026 <ul><li>​Corporate Guarantee: Credit Rated Parent Company– NASDAQ: DRVN–BBB Rating</li><li>​Long Term Absolute NNN Lease (Land and Building): 15 Year Term-8% Rental Increases Every 5 Years-Hedge Against Inflation</li><li>​Excellent Visibility & Access: Frontage on Hollywood Blvd & Stone’s Throw From FL Turnpike–Combined 185,000+ VPD</li><li>​Densely Populated Area: 179,000+ People W/ AHHI of $79,000+ Within 3 MI Radius</li><li>​No Competition Nearby: Closest Quick Lube Oil Change Facility 1+ Mil

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NOI
$80,000
Cap Rate
3.20%
DSCR
0.54
Underwater
Cash-on-Cash
-9.12%
Monthly Payment
$12,368.636
Annual Cash Flow
$-68,423.631

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