Listed by ParaSell Inc, Hanley Investment Group
$4,688,000
WhiteWater Express Car Wash | Ardmore, OK
Details
APN 0782-00-001-002-0-001-00
Property Type Retail
Sub Type Auto Shop
Square Footage 4,000
Net Rentable (SqFt) 4,000
Cap Rate 6.4%
NOI $300,000
Occupancy 100%
Tenancy Single
Brand/Tenant WhiteWater Car Wash
Lease Type Absolute NNN
Lease Term 20
Lease Expiration 02/28/2046
Remaining Term 19.6
Rent Bumps Yes
Lease Options Four 5-Year @ FMV
Price per SqFt $1,172
Broker Co-Op Yes
Year Built 2026
Buildings 1
Stories 1
Acreage 0.730
Lease Commencement 02/24/2026
Ground Lease No
20-Year Absolute NNN Corporate Lease | Strong EBITDAR to Rent | Full Corporate Guaranty
Marketing description
CLICK HERE FOR FULL OFFERING MEMORANDUM: https://bit.ly/WhiteWater_Ardmore
Investment highlights
- Single-Tenant WhiteWater Express Car Wash:
- Corporate-guaranteed lease ($400 million net worth)
- Strong EBITDAR to rent tatio
- Annual rental increases
- Absolute NNN lease with no landlord responsibilities
- 20-year initial lease term with four 5-year options
- Fee simple investment ideal for bonus depreciation (includes land and building)
- Why Investors Choose WhiteWater Express Car Wash: WhiteWater Express leased properties have historically sold at a premium above most other car wash operators
- Strategic management with over 50 years of combined wash experience between the managing partners and a true passion for the industry
- Some of the highest percentages of recurring membership revenue in the industry
- 140+ locations; private equity backed by multi-billion-dollar firm, Freeman Spogli & Co.
- Locations in 9 MSAs throughout the US and 20+ new sites under greenfield development (all branded and operated the exact same for a consistent customer experience)
- Excellent Access and Visibility Along 12th Avenue in the Heart of Ardmore’s Retail Corridor
- Less Than 1 Mile from Mercy Hospital Ardmore, the City’s Largest Employer and Premier Regional Medical Hub, Serving Over 100,000 Residents
- Ardmore is a Rapidly-Growing Market, Strategically Located Along Interstate 35, Midway between Dallas and Oklahoma City:
- This regional hub boasts a trade area population of 350,000+ residents and generates over $800 million in annual retail sales, making it one of the most significant commercial centers in the region
Listing Contacts
Listed by ParaSell Inc, Hanley Investment Group
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$300,000.00
$25,000.00/mo
Valuation Metrics
0
DSCR
6.4%
Cap Rate
6.4%
ROI
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