Whistle Express
Multifamily | 6.00% CAP
Marketing description
Surmount is pleased to present the exclusive listing for a Whistle Express located at 3267 Morse Road, Columbus, OH. The site consists of roughly 5,065 rentable square feet of building space on an estimated 1.61-acre parcel of land. The current annual rent is $348,484 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.
High Traffic & Regional Connectivity | With 41,000 ADTC on Morse Road and direct access to I-71 and I-270, the property offers unmatched accessibility and visibility, making it a strategic location for a car wash operator targeting high-volume throughput.
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