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30888297
30888298

8671 US Highway 17 Bypass South, Myrtle Beach, SC 29575 For Sale

TA
CA 01936642
CBRE - South Bay
RB
CA CA 01934760
CBRE - South Bay
KP
CA CA 02076597
CBRE - South Bay
NB
CA 01908103
CBRE - South Bay
CBRE - South Bay
Listed by CBRE - South Bay
$7,700,000
134 days on market
Updated 40 days ago

Whistle Express Car Wash | Myrtle Beach, SC

Details
Property Type Retail, Special Purpose
Sub Type Car Wash
Square Footage 3,405
Net Rentable (SqFt) 3,405
Cap Rate 6.34%
NOI $488,516
Occupancy 100%
Tenancy Single
Brand/Tenant Whistle Express Car Wash
Lease Type Absolute NNN
Lease Term 20.1
Lease Expiration 01/31/2044
Remaining Term 17.5
Rent Bumps Yes
Lease Options Four (4), Five-Year
Price per SqFt $2,261
Year Built 2024
Buildings 1
Acreage 1.740
Investment Type Net Lease
Tenant Credit Corporate Guarantee
Lease Commencement 01/14/2024
Ground Lease No

6.34% CAP | Absolute NNN | 17.5+ Yr Lease Term

Marketing description

PRICING: $7,700,000

CAP RATE: 6.34%

NOI: $488,516

LEASE TERM: 17.5+ YEARS

INCREASES: 2% ANNUALLY

Investment highlights

LONG-TERM ABSOLUTE TRIPLE NET (NNN) LEASE

The property is subject to an Absolute Triple Net (NNN) lease with Whistle Express Car Wash, which has over 17 years of lease term remaining and zero landlord responsibilities. The tenant is responsible for all management obligations at the property, including property taxes, insurance, and all repairs & maintenance at the property, including the roof & structure. Additionally, there are 2% annual rental increases built into the lease, providing the owner with positive rent growth and a hedge against inflation.

CORPORATE GUARANTY LARGEST CAR WASH OPERATOR IN THE US

The lease is corporately guaranteed by Whistle Express Car Wash, the largest car wash operator in the US with over 530 locations across 23 states.

LOCATED IN DOMINANT RETAIL CORRIDOR

The subject property benefits from its positioning within a strong retail area, with several nearby shopping centers and major national retailers. These include Surfside Commons Shopping Mall, anchored by Walmart Supercenter, and a major power center across the highway, which features prominent retailers such as Lowe’s, Kohl’s, Ross Dress for Less, PetSmart, Office Depot, and more. Other national retailers in the vicinity include Target, Marshalls, ALDI, 7-Eleven, Dollar Tree, and more.

QUALIFIES FOR ACCELERATED AND BONUS DEPRECIATION

The subject property qualifies for both Accelerated Depreciation as well as the recently reinstated 100% Bonus Depreciation per the “Big Beautiful Bill” legislation passed in 2025. Please consult your CPA for more information.

EXCELLENT SITE-LEVEL VISIBILITY

The property has great visibility from and is nearby a point of entry to US Highway 17, a major thoroughfare in Myrtle Beach which has traffic counts of 42,463 vehicles per day passing in front of the site.

Listing Contacts

TA
CA 01936642
CBRE - South Bay
RB
CA CA 01934760
CBRE - South Bay
KP
CA CA 02076597
CBRE - South Bay
NB
CA 01908103
CBRE - South Bay
CBRE - South Bay
Listed by CBRE - South Bay

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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$488,516.00
$40,709.67/mo

Valuation Metrics

0
DSCR
6.34%
Cap Rate
6.34%
ROI

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