Tsunami Express Car Wash
Retail | 6.25% CAP | 4,219 SqFt
Marketing description
Surmount is pleased to present the exclusive listing for a Tsunami Express Car Wash located at 515 East Southway Blvd, Kokomo, IN 46908. The site consists of roughly 4,219 rentable square feet of building space on an estimated 0.62-acre parcel of land. The current annual rent is $229,113 and has scheduled increases of 1.90% annually.
Investment highlights
Over 24 Years Remaining | The property is backed by a new NNN lease, offering investors stable and passive income with zero landlord obligations. Rent is scheduled to increase by 1.90% annually providing 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.
High Traffic Counts | The subject property benefits from being located directly on East Broad St, which sees high traffic counts of over 21,000 vehicles daily. This provides the real estate with exceptional visibility and accessibility to an array of potential customers each day.
Modern, High-Throughput Car Wash Design | Built with a modern 4,219 SF prototype, the site features an advanced tunnel layout with energy-efficient systems and high-capacity equipment, allowing for rapid service and consistent traffic throughput that supports Whistle Express membership-based revenue model.
Listing Contacts
Valuation Calculator
Valuation Metrics
Map
Broker Selected Comps View More Comps
Property History
Similar Properties
Additional Information
Is there information that looks off?
