Listed by SURMOUNT
$3,586,945
Take 5 Car Wash - Whistle Express
Details
Property Type Retail
Sub Type Auto wash
Square Footage 4,092
Cap Rate 5.5%
NOI $197,282
Occupancy 100%
Tenancy Single
Brand/Tenant Take 5 Car Wash - Whistle Express
Lease Type NNN
Lease Term 24
Lease Expiration 12/31/2049
Remaining Term 23.5
Rent Bumps Yes
Lease Options 4, 5-Year Options
Year Built 2018
Acreage 1.570
Investment Type Net Lease
Tenant Credit Corporate Guarantee
Lease Commencement 12/31/2025
Ground Lease No
Ownership Fee Simple
About This Property for Sale
Marketing description
Surmount is pleased to present the exclusive listing for a Take 5 Car Wash - Whistle Express Corporate Guaranty located at 3603 North Loy Lake Road, Sherman, TX 75090. The site consists of roughly 4,092 rentable square feet of building space on an estimated 1.57-acre parcel of land. Take 5 Car Wash - Whistle Express Corporate Guaranty is subject to a 24-year Triple Net (NNN) lease, which commenced 12/31/2025. The current annual rent is $197,282 and has scheduled increases of Variable.
Investment highlights
- Over 23 Years Remaining | True Triple Net Lease | The property is backed by a new NNN lease, offering investors stable and passive income with zero landlord obligations.
- Bonus Depreciation | This property offers 100% bonus depreciation, offering notable tax advantages in the early years of ownership.
- Lease Guaranteed By Take 5 Car Wash - Whistle Express Corporate Guaranty | The lease is backed by Take 5 Car Wash - Whistle Express Corporate Guaranty, the nation’s largest car wash operator, providing investors with security and stability.
- TX Tax Free State | Texas has no state income tax, providing investors with a tax-friendly ownership environment.
- Strong Demographics | The surrounding area features strong population growth, rising households, and expanding consumer demand.
- Busy Trade Area | Located within Sherman Town Center near Sam's Club, Target, Walmart, Lowe's, and numerous national retailers.
Listing Contacts
Listed by SURMOUNT
Valuation Calculator
Login or Sign up to see Valuation Metrics
Sign up for Crexi to see valuation metrics for this property
Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$197,282.00
$16,440.17/mo
Valuation Metrics
0
DSCR
5.5%
Cap Rate
5.5%
ROI
Broker Selected Comps View More Comps
Property History
Tax History
Similar Properties
Additional Information
Name
License
Brokerage
Title
Is there information that looks off?
