Listed by SURMOUNT
$3,648,881
Take 5 Car Wash
Details
Property Type Special Purpose
Sub Type Car Wash
Square Footage 4,970
Cap Rate 5.5%
NOI $200,688
Occupancy 100%
Tenancy Single
Lease Type NNN
Lease Expiration 12/31/2049
Remaining Term 23.5
Price per SqFt $734
Year Built 2013
Acreage 1.770
Tenant Credit Corporate Guarantee
Ground Lease No
Ownership Fee Simple
Special Purpose | 5.50% CAP | 4,970 SqFt
Marketing description
Surmount is pleased to present the exclusive listing for a Take 5 Car Wash - Whistle Express Corporate Guaranty located at 4735 Fayetteville Road, Raeford, NC, 28376. The site consists of roughly 4,970 rentable square feet of building space on an estimated 1.77-acre parcel of land. The current annual rent is $200,688 and has scheduled increases of 1.90% annual beginning 1/1/2030.
Investment highlights
- Over 23 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.
- Growing Trade Area with Solid Demographics | Within a 5-mile radius, the population has grown over 6.6% since 2020, with average household incomes exceeding $72,000 supporting steady consumer spending and demand for car wash services.
Listing Contacts
Listed by SURMOUNT
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$200,688.00
$16,724.00/mo
Valuation Metrics
0
DSCR
5.5%
Cap Rate
5.5%
ROI
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