Take 5 Car Wash - Whistle Express Guaranty
Retail | 6.35% CAP | 5,222 SqFt
Marketing description
Surmount is pleased to present the exclusive listing for a Take 5 Car Wash located at 1135 South Loop 288, Denton, Texas 76208. The site consists of roughly 5222 rentable square feet of building space on an estimated 2.15-acre parcel of land. This Take 5 Car Wash is subject to a 20-year Triple Net (NNN) lease, which commenced 3/21/2022. The current annual rent is $343,545 and has scheduled increases of 1.75% Annually.
Investment highlights
Lease Guaranteed By Whistle Express | Largest Car Wash Operator In America | The lease is backed by Whistle Express, the nation’s largest car wash operator, providing investors with security and stability. As a market leader with a rapidly expanding footprint, Whistle Express brings strong creditworthiness and proven operational expertise to the site.
Bonus Depreiciation | This property offers 100% bonus depreciation, offering notable tax advantages in the early years of ownership. This form of depreciation enhances after-tax cash flow and adds to overall investment returns, making this property ideal for investors looking for tax treatment on real estate holdings. Surmount is not a tax advisor. Please consult your own tax professional.
Located in the Dallas–Fort Worth MSA | Tax Free State | Positioned in one of the most sought-after and fastest-growing markets in the United States. Texas offers investors the benefit of no state income tax, enhancing overall returns.
Outstanding Demographics | Within a 5-mile radius, the population exceeds 177,000 residents with average household incomes approaching $90,000, supporting strong consumer demand.
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