Listed by Marcus & Millichap - Columbus, Marcus & Millichap - Phoenix
$6,040,700
Whistle Express Car Wash
Details
Property Type Special Purpose
Sub Type Car Wash
Square Footage 3,675
Cap Rate 6%
NOI $362,440
Occupancy 100%
Tenancy Single
Brand/Tenant Whistle Express Car Wash
Lease Type Absolute NNN
Lease Term 20
Lease Expiration 08/31/2045
Remaining Term 19
Rent Bumps Yes
Lease Options 4, 5 Year Options
Year Built 2025
Buildings 1
Acreage 0.920
Investment Type Net Lease
Tenant Credit Corporate Guarantee
Lease Commencement 08/17/2025
Ground Lease No
#1 Largest Car Wash Operator in the US with 530+ Locations
Marketing description
Whistle Express Car Wash prides itself on delivering consumers and teammates a premium on-premise experience, including its Unlimited Fast Pass Membership Program, free towels, free vacuums, and free mat washing stations.
Cape Coral is the largest city in Lee County and one of the fastest-growing cities in the state. Incorporated in 1970, Cape Coral was developed as a master-planned waterfront community and is now known for having over 400 miles of navigable canals, more than any other city in the world.
Investment highlights
- Brand New 20-Year Absolute Triple-Net (NNN) Lease - New 2025 Construction
- 8% Rental Increases Every 5 Years with Multiple Renewal Options
- #1 Largest Car Wash Operator in the U.S. with 530+ Locations Across 23 States
- Whistle Express Car Wash Acquired Take 5 Car Wash in April 2025, More Than Tripling the Company's National Footprint
- Property Qualifies for 100% Bonus/Accelerated Depreciation
- Densely-Populated Tampa Trade Area - 256,426 Residents within a 5-Mile Radius
- Households and Population Projected to Increase 4%+ in the Surrounding Area Over the Next 5 Years
- Average Household Income Exceeds $100,000 in the Surrounding Area
- Excellent Frontage Along Cape Coral Pkwy W, Easily Accessible by ±40,000 Cars per Day
Listing Contacts
Listed by Marcus & Millichap - Columbus, Marcus & Millichap - Phoenix
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$362,440.00
$30,203.33/mo
Valuation Metrics
0
DSCR
6%
Cap Rate
6%
ROI
Map
Zoning
C CommercialGeneral CommercialCommercial
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