Whistle Express Car Wash
Next 1.50% Annual Rent Bump In Dec. 2026 | 16 Years Remaining
Marketing description
NNN Pro is pleased to present the exclusive listing for a Whistle Express Car Wash located at 5011 Ramsey Street, Fayetteville, North Carolina 28311. The site consists of roughly 4253 rentable square feet of building space on an estimated 1.15-acre parcel of land. This Whistle Express Car Wash is subject to a 20-year Triple Net (NNN) lease, which commenced 12/20/2021. The current annual rent is $257,028 and has scheduled increases of 1.50% Annually.
Investment highlights
Absolute Triple-Net (NNN) Lease | Zero Landlord Responsibilities | The property is subject to a long-term absolute triple net lease with zero landlord responsibilities, offering a future landlord with a completely passive investment.
Original 20-Year Lease | Approximately Sixteen (16) Years Remaining | Four, Five-Year Options Remaining | The property is subject to a long-term 20-year lease with approximately sixteen years of lease term remaining. The tenant has four, five-year options remaining.
1.50% Rental Increases Annually | Next Rent Bump Occurring In December 2026 | Immediate Upside | The lease of the subject property features 1.50% rental increases annually with the next rent bump occurring in December 2026, resulting in an immediate increase in NOI.
Eligible For 100% Bonus Depreciation | Consult A Qualified Tax Professional Or Advisor For Additional Information | The property is eligible for 100% bonus depreciation, offering significant tax benefits to a potential investor. Consult a qualified tax professional or advisor for additional information.
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