Listed by SURMOUNT
$6,229,473
Take 5 Car Wash - Whistle Express Corporate Guaranty
Details
Property Type Retail
Sub Type Auto wash
Square Footage 5,418
Cap Rate 5.5%
NOI $342,621
Occupancy 100%
Tenancy Single
Brand/Tenant Take 5 Car Wash - Whistle Express Corporate Guaranty
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 2017
Acreage 0.880
Lease Commencement 12/31/2025
Ground Lease No
Ownership Fee Simple
About This Property
Marketing description
Surmount is pleased to present the exclusive listing for a Take 5 Car Wash - Whistle Express Corporate Guaranty located at 2900 Macarthur Drive, West Orange, TX 77630. 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 $343,577 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 - efficient ownership structure.
- Strong Demographics | Steady population and household growth support long - term retail demand in the trade area.
- Busy Trade Area | Located along a busy retail corridor near Walmart, CVS, Dollar Tree, and Baptist Orange Hospital.
Listing Contacts
Listed by SURMOUNT
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$342,621.00
$28,551.75/mo
Valuation Metrics
0
DSCR
5.5%
Cap Rate
5.5%
ROI
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