$4.86M Mortgage on a ModWash Car Wash Property in Brandon

The odd precision of the loan amount, $4,860,715, fits the asset: single tenant net lease deals are financed to the dollar. On April 1, 2026, Security Bank and Trust recorded the mortgage on 407 East Bloomingdale Avenue in Brandon, a 2022 built ModWash express car wash on 5.81 acres, one day after the property transferred from ModWash LLC to Hutton Brandon Bloomingdale FL LLC on a 61 month term due April 2031.

The transfer is the structure, not a change of hands in the ordinary sense. Hutton, the Chattanooga developer that launched the ModWash brand, describes its model on its own site: Hutton entities develop and own the land and buildings and lease them to ModWash as operator, with each location representing roughly $3,500,000 to $4,000,000 of development cost, figures from Hutton's published materials. The recorded conveyance moves the real estate into a Hutton held single site entity, an active Florida filing in the 2026 series, while the wash itself keeps running, eight to eight daily per its location page.

The site's earlier history was small: mortgages of $225,000 to $3,515,755 from Bank of St. Petersburg, Florida Bank, Iberiabank, and Pinnacle Bank between 2005 and 2021, tracking the parcel's life before and during the car wash's construction. The new loan exceeds them all.

One gap is reported plainly: several banks named Security Bank and Trust operate in different states, and no public source established which one wrote this loan or published a relevant program. The lender is recorded exactly as the instrument names it, a first tracked closing. Within the tracked Tampa record the loan ranks 21st of 25, near retail closings of $4,900,000 and $5,500,000 from Seacoast National Bank.

For investors watching the express car wash boom, the recording documents the asset class's plumbing better than any listing flyer: the operator builds the brand, a developer affiliate holds the dirt, and the real estate finances separately on five year bank paper sized to the development cost rather than to a rent roll. Net lease listings for properties like this one circulate constantly, but the recorded instruments behind them rarely get read. This one shows the machine assembled in full, entity, lease structure, and debt, in a single week of Hillsborough County filings. The tunnel washes cars; the parcel, quietly, is a bond.