Listed by SURMOUNT
$2,723,374
Whistle Express
Details
Property Type Special Purpose
Sub Type Car Wash
Square Footage 4,717
Cap Rate 5.75%
NOI $156,594
Occupancy 100%
Tenancy Single
Lease Type NNN
Lease Expiration 12/31/2049
Remaining Term 23.6
Price per SqFt $577
Year Built 2008
Acreage 1.770
Tenant Credit Corporate Guarantee
Lease Commencement 12/28/2018
Ground Lease No
Ownership Fee Simple
Special Purpose | 5.75% CAP | 4,717 SqFt
Marketing description
Surmount is pleased to present the exclusive listing for a Whistle Express located at 1360 Airport Road, Hot Springs, AR. The site consists of roughly 4,714 rentable square feet of building space on an estimated 1.77-acre parcel of land. The current annual rent is $156,594 and has scheduled increases of 1.90% Annually.
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 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.
- Robust Traffic Counts | The property benefits from being situated directly along Airport Road (Highway 70) which has average daily traffic counts of 35,000 vehicles. This provides the site with exceptional exposure to both local residents and visitors on a daily basis.
Listing Contacts
Listed by SURMOUNT
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$156,594.00
$13,049.50/mo
Valuation Metrics
0
DSCR
5.75%
Cap Rate
5.75%
ROI
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