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Analyze more property details including ownership and financial history. Share advanced property insights with your clients and teams.
34214059
34214060

16112 STATE RD 54, ODESSA, FL 33556-3718 For Sale

RT
FL FL SL3442474
Marcus & Millichap
EC
FL SL3433461
Marcus & Millichap
Listed by Marcus & Millichap
$5,502,574
12 days on market
Updated 12 days ago

Whistle Express Car Wash | Odessa, FL (Tampa MSA)

Details
APN 31-26-18-0110-00000-0020
Property Type Retail, Special Purpose
Sub Type Gas Station, Auto Shop (+1)
Square Footage 4,060
Cap Rate 5.75%
NOI $316,398
Tenancy Single
Brand/Tenant Take 5 Oil Change
Lease Type Absolute NNN
Lease Expiration 12/31/2042
Remaining Term 16.5
Lease Options Four, 5-Year
Year Built 2020
Stories 1
Acreage 1.110
Tenant Credit Corporate Guarantee
Ground Lease No

100% Bonus Depreciation | Exploding Market | 54,000 Cars Per Day!

Marketing description

Special Purpose • 4,645 SF • 01/08/2024

Investment highlights

Lease

  • 16.5 Years Remaining on Base Term
  • Absolute NNN – NO Landlord Responsibilities
  • 2% Annual Increases starting January 2029
  • Corporate Guarantee
  • Four, 5-Year Options

100% 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.

Odessa, FL / Exploding Market in Tampa MSA

  • The property is located on State Road 54 which sees 54,000 cars per day and directly off of Suncoast Parkway Toll Road which sees 65,900 cars per day!
  • Much of Odessa lies in southern Pasco County, one of Florida's fastest-growing counties. Pasco's population is projected to continue expanding significantly through 2045, while Hillsborough County is also expected to add hundreds of thousands of residents over the coming decades.
  • Odessa attracts affluent households seeking larger homes, acreage, top-rated schools, and suburban amenities. The area features a high concentration of executive housing, lakefront properties, golf communities, and master-planned developments, supporting strong home values and premium retail demand.

Whistle Express Corporate Guarantee

  • Whistle Express has become the largest car wash operator in the U.S., now with over 530 locations across 23 states

Listing Contacts

RT
FL FL SL3442474
Marcus & Millichap
EC
FL SL3433461
Marcus & Millichap
Listed by Marcus & Millichap

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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$316,398.00
$26,366.50/mo

Valuation Metrics

0
DSCR
5.75%
Cap Rate
5.75%
ROI

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Additional Information

Name
Reid Thedford
License
FL SL3442474
Brokerage
Marcus & Millichap
Brokerage Phone
(813) 387-4726
Title
Senior Director Investments
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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