Listed by SRS Real Estate Partners Newport Beach
$5,718,000
Whistle Express Car Wash | Denton, TX
Details
APN R561273
Property Type Retail, Special Purpose
Sub Type Car Wash
Square Footage 5,565
Cap Rate 5.75%
NOI $328,813
Occupancy 100%
Tenancy Single
Lease Type Absolute NNN
Lease Term 24
Lease Expiration 12/31/2049
Remaining Term 23.6
Rent Bumps Yes
Lease Options 4 (5-year)
Price per SqFt $1,027
Year Built 2013
Acreage 1.360
Zoning SC: Suburban Corridor
Parking Spaces 21 spaces
Parking Per SqFt 3.77
Tenant Credit Corporate Guarantee
Lease Commencement 12/30/2025
Ownership Fee Simple (Land & Building Ownership)
Retail | 5.75% CAP | 5,565 SqFt
Investment highlights
23+ Years Remaining | Options To Extend | Annual Rental Increases | Bonus Depreciation Opportunity
Absolute NNN | Fee Simple Ownership | Zero Landlord Responsibilities
Rayzor Ranch Marketplace | Rayzor Ranch Town Center |University of North Texas (43,000+ Students)
Strong Demographics In 5-Mile Trade Area
Listing Contacts
Listed by SRS Real Estate Partners Newport Beach
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Loan Amount
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Annual Debt Service
$--
$--
Annual Cash Flow
$328,813.00
$27,401.08/mo
Valuation Metrics
0
DSCR
5.75%
Cap Rate
5.75%
ROI
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