Take 5 Car Wash - Whistle Express Corporate Guaranty
Retail | 5.75% CAP | 2,907 SqFt
Marketing description
Surmount is pleased to present the exclusive listing for a Take 5 Car Wash - Whistle Express Corporate Guaranty located at 111 Martin Luther King Jr Blvd, Dickson, TN 37055. The site consists of roughly 2,907 rentable square feet of building space on an estimated 1.06-acre parcel of land. The current annual rent is $240,159 and has scheduled increases of 1.90% annual beginning 1/1/2030.
Investment highlights
Over 23.5 Years Remaining | True Triple Net Lease | The property is backed by a new NNN lease, offering investors stable and passive income with zero landlord obligations. Scheduled 1.90% annual rent increases beginning on 1/1/2030 provide consistent cash flow growth.
Bonus Depreciation | 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.
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.
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