El Car Wash, Riviera Beach
34 Blue Heron Boulevard, Riviera Beach, Florida
Lorient acquired the El Car Wash on Blue Heron Boulevard in Riviera Beach, Palm Beach County, in a December 2025 sale-leaseback with the operator.
El Car Wash is the dominant express car wash brand in South Florida, part of the National Express Wash platform. The lease is a 20-year absolute net lease with 2.0% annual escalations and six five-year renewal options, giving a potential term of fifty years.
The sale-leaseback structure lets a strong operator recycle capital into growth while Lorient takes a long-dated, inflation-protected income stream on a well-located Florida retail site.
More net lease
Keep looking
Net leaseSgt. Clean's Car Wash, Strongsville
18534 Pearl Road, Strongsville, Ohio
Veteran-owned regional operator on a 20-year NNN lease with 2% annual bumps, in a dense retail corridor off I-71.
Net leaseTidal Wave Auto Spa, Grand Forks
1750 South Columbia Road, Grand Forks, North Dakota
National subscription-model operator on a 20-year absolute net lease, acquired in December 2025.
Net leaseTidal Wave Auto Spa, Pulaski
1637 West College Street, Pulaski, Tennessee
A second Tidal Wave location on a 20-year absolute net lease with 2% annual escalations.