This acquisition is the second and largest of three planned land purchases along Micco Road for the Ashton Park mixed-use development, a massive 1,568-acre project valued at $2.5 billion.
The shopping center is located within the bustling Dr. Phillips retail district.
With these acquisitions, El Car Wash now operates 65 locations with more than 300,000 active members and has over 60 additional sites in development across Florida and Michigan.
Colliers’ Alexie Fonseca, David Gabbai and Jeff Johnson worked with the seller to fully lease the property before listing it for sale.
The company, which currently has more than 40 centers operating across the state of Florida, plans to open 10 new locations in Central Florida.
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Three retail outparcels were included in the sale, including two single-tenant buildings occupied by Buffalo Wild Wings and Arby’s and a multi-tenant building leased to Lenscrafters and Cava.
The property, which is approximately 99% occupied, features a high-quality tenant mix that combines lifestyle and entertainment uses with essential goods and services.
He will partner with Nate Cutchin and focus on tenant and landlord representation.
Amy Foote and Glen Jaffee of Cushman & Wakefield along with Drew Haynie of affiliate Cushman & Wakefield | Thalhimer represented the tenant in the lease negotiations. The landlord, V 3 HC Retail LLC, was represented by Bobby Bridges of V3 Commercial Advisors.