Listed by SURMOUNT
$4,164,817
Tsunami Express Car Wash
Details
Property Type Retail, Special Purpose
Sub Type Car Wash
Square Footage 5,000
Cap Rate 6.00%
NOI $249,889
Occupancy 100%
Tenancy Single
Lease Term 24
Lease Expiration 12/31/2049
Remaining Term 23
Year Built 2017
Acreage 1.410
Tenant Credit Corporate Guarantee
Lease Commencement 12/30/2025
Ground Lease No
Ownership Fee Simple
About This Property
Investment highlights
- 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 & Site Operated By Tsunami Express | The lease is guaranteed by Whistle Express Corporate. Whistle Express is the largest car wash operator in the country, with over 530 locations across 23 states. The site itself is operated by Tsunami Express Car Wash. Tsunami operates over 70 locations and is mainly located throughout the Mid-West. The landlord will benefit from a Mid-West focused operator and a lease guaranty from the largest operator in the country.
- Priced Below Development Costs | This Tsunami Express Car Wash - Lease Guaranteed By Whistle Express presents a unique opportunity to acquire a high-quality asset at a price point well below replacement cost. Investors benefit from immediate value with significant upside potential compared to new development.
- Long-Term Absolute NNN Lease | 24-year Triple Net (NNN) lease commenced December 2025 with minimal landlord responsibilities and stable long-term income.
Listing Contacts
Listed by SURMOUNT
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$249,889.00
$20,824.08/mo
Valuation Metrics
0
DSCR
6%
Cap Rate
6%
ROI
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