Listed by SURMOUNT
$6,704,800
Whistle Express
Details
Property Type Retail, Special Purpose
Sub Type Car Wash
Square Footage 3,038
Cap Rate 6.75%
NOI $452,574
Occupancy 100%
Tenancy Single
Brand/Tenant Whistle Express Car Wash
Lease Type NNN
Lease Term 20.1
Lease Expiration 02/29/2044
Remaining Term 17.6
Rent Bumps Yes
Lease Options 4, 5-Year Options
Year Built 2024
Acreage 1.430
Investment Type Net Lease
Lease Commencement 02/02/2024
Ground Lease No
About This Property for Sale
Marketing description
Surmount is pleased to present the exclusive listing for a Whistle Express located at 7496 Southwest 13th Road, Gainesville, FL 32607. The site consists of roughly 3,038 rentable square feet of building space on an estimated 1.43-acre parcel of land. Whistle Express is subject to a 20-year Triple Net (NNN) lease, which commenced 2/2/2024. The current annual rent is $452,574 and has scheduled increases of 2.00% Annually.
Investment highlights
- Long - Term NNN Lease| Approximately 17+ years remain on the original 20 - year NNN lease, providing stable cash flow
- 100% Bonus Depreciation | The subject property is eligible for 100% bonus depreciation offering significant tax advantages to investors.
- Leading Car Wash Operator | Whistle Express is a rapidly expanding express car wash platform with over 530 locations and growing.
- Premier Gainesville Location | Income Tax - Free State | Located within one of Gainesville's fastest - growing retail and residential corridors. Florida is also an income tax - free state, adding to its appeal
Listing Contacts
Listed by SURMOUNT
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$452,574.00
$37,714.50/mo
Valuation Metrics
0
DSCR
6.75%
Cap Rate
6.75%
ROI
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