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34356214
34356215

1510 Norman Drive, Valdosta, GA 31601 For Sale

RE
FL SL-3402581
Marcus & Millichap
Listed by Marcus & Millichap
$3,182,100
6 days on market
Updated 6 days ago
Opportunity zone

Abs. Net Whistle Express Car Wash | Strong Corp. Guarantee

Details
APN 0086A 001B
Property Type Retail, Special Purpose
Sub Type Gas Station, Auto Shop (+1)
Square Footage 1,950
Units 1
Cap Rate 6%
NOI $190,926
Tenancy Single
Brand/Tenant Whistle Express
Lease Type Absolute NNN
Lease Term 25
Lease Expiration 12/31/2049
Remaining Term 23.5
Rent Bumps Yes
Lease Options Four 5-Year Options
Stories 1
Acreage 1.410
Investment Type Net Lease
Tenant Credit Corporate Guarantee
Lease Commencement 01/01/2025
Ground Lease No

Eligible for 100% Bonus Depreciation

Marketing description

• Newly Executed 25-Year Corporate Lease | Initial Term Runs Through December 2049

• Long-Term Lease | More Than 23 Years Remaining on the Initial Lease Term

• 2% Annual Rent Increases Commencing January 2029

• Absolute NNN Structure | Zero Landlord Responsibilities

• Corporate Guarantee by Whistle Express Car Wash | Largest Express Car Wash Operator in U.S - 540+ Locations Across 23 States

• Qualifies 100% Bonus Depreciation | Accelerated Tax Benefits Available

• Premier Regional Retail Corridor | Surrounded by Academy Sports, Sams’s Club, Walmart Super Center, Aldi, Cheddar’s Scratch Kitchen, McDonald’s, Wendy’s, IHOP, Bojangles, Dunkin, and numerous others

• Proximity to I-75 & GA State Route 133 | Excellent Regional Connectivity with Strong Daily Traffic Counts

• Minutes from Valdosta Mall | ±560,000 SF Regional Shopping Destination Anchored by Belk, HomeGoods, Ross, Ulta, Old Navy & Five Below

• Economic Hub of South Georgia | Home to Valdosta State University (12,000+ Students) and Moody Air Force Base

• Strong Residential Growth | Surrounded by Established Multifamily Communities & New Residential Developments Including Cypress Lakes and Worthington Woods

• Strategic Regional Location | Positioned Within the Valdosta MSA Serving Approximately 151,000 Residents

• Diversified Economic Base | Supported by Higher Education, Military, Manufacturing, Agriculture & Forestry Industries

Investment highlights

Marcus & Millichap is pleased to exclusively offer for sale the Whistle Express Car Wash located at 1510 Norman Drive in Valdosta, Georgia, the largest city within the Valdosta Metropolitan Statistical Area, serving a population of approximately 151,000 residents. The Property consists of a freestanding 1,950-square-foot express car wash situated on a 1.41-acre parcel and is secured by a newly executed 25-year absolute NNN lease backed by a corporate guarantee.

Valdosta serves as the economic and commercial center of South Georgia, benefiting from a diverse employment base anchored by higher education, military operations, manufacturing, agriculture, and forestry. The city is home to Valdosta State University, which enrolls more than 12,000 students, while nearby Moody Air Force Base, located approximately 10 miles northeast, supports thousands of active-duty personnel, civilian employees, and military families. Historically recognized as the “Naval Stores Capital of the World,” the region remains an important producer of pine-derived products, including turpentine, lumber, pulpwood, and related forestry products.

The Property is positioned within a well-established residential corridor surrounded by numerous apartment communities, including 805 Harmon Heights, Maple on Melody, The Grand at Lake Sheri, The Gables of Saint Augustine, 707 Baytree Apartments, Ashton Park Apartment Homes, and Valdosta Properties. Continued residential expansion is further supported by nearby developments such as Cypress Lakes Subdivision and Worthington Woods, reinforcing the area’s long-term population growth and housing demand. The immediate trade area is also home to numerous national and regional retailers including Academy Sports, Sam’s Club, Walmart Super Center, Aldi, Cheddar’s Scratch Kitchen, McDonald’s, Wendy’s, IHOP, Bojangles, Dunkin, and numerous others.

The absolute NNN lease commenced on January 1, 2025, and extends through December 31, 2049, providing investors with predictable, long-term passive income and no landlord responsibilities. Rental income increases by 2% annually beginning January 1, 2029, and the lease includes four additional five-year renewal options, offering meaningful long-term income growth and investment security.

Whistle Express Car Wash is the largest express car wash operator in the United States, with a network of more than 540 locations across 23 states and a workforce exceeding 2,000 employees. Headquartered in Charlotte, North Carolina, the company has experienced significant expansion since its founding in 2014. Its 2025 acquisition of Take 5 Car Wash from Driven Brands further strengthened its national footprint and established Whistle Express as the industry’s largest express car wash platform.

Listing Contacts

RE
FL SL-3402581
Marcus & Millichap
Listed by Marcus & Millichap

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$190,926.00
$15,910.50/mo

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Cap Rate
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Additional Information

Name
John Leonard
License
Lic #: 252904
Title
Broker of Record
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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