Whistle Express
Special Purpose | 5.75% CAP | 3,605 SqFt
Marketing description
Surmount is pleased to present the exclusive listing for a Whistle Express located at 10003 Macon Rd, Cordova, TN. The site consists of roughly 3,605 rentable square feet of building space on an estimated 1.69-acre parcel of land. The current annual rent is $264,522 and has scheduled increases of 1.90% Annual Beginning 1/1/2030.
Investment highlights
Over 24 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.
Strong Income-Producing Asset in a High-Income Market | With an average household income exceeding $110,000 within five miles, the Cordova submarket provides an affluent consumer base that supports ongoing demand for premium express car wash services.
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