Listed by SURMOUNT
$4,816,667
Whistle Express
Details
Property Type Retail, Special Purpose
Sub Type Car Wash
Square Footage 5,561
Cap Rate 6.75%
NOI $325,125
Occupancy 100%
Tenancy Single
Brand/Tenant Whistle Express Car Wash
Lease Type NNN
Lease Term 20
Lease Expiration 08/31/2043
Remaining Term 17.1
Rent Bumps Yes
Lease Options 5, 5-Year Options
Year Built 2023
Acreage 1.440
Investment Type Net Lease
Tenant Credit Corporate Guarantee
Lease Commencement 08/23/2023
Ground Lease No
Ownership Fee Simple
About This Property for Sale
Marketing description
Surmount is pleased to present the exclusive listing for a Whistle Express located at 105 South Westover Boulevard, Albany, GA 31707. The site consists of roughly 5,561 rentable square feet of building space on an estimated 1.44-acre parcel of land. Whistle Express is subject to a 20-year Triple Net (NNN) lease, which commenced 8/23/2023. The current annual rent is $325,125 and has scheduled increases of 2.00% Annually.
Investment highlights
- New 20 - Year NNN Lease | Whistle Express operates on a new 20 - year Triple Net (NNN) lease with limited landlord responsibilities.
- 100% Bonus Depreciation | The subject property qualifies for 100% bonus depreciation, offering significant tax advantages to investors.
- 2024 Build - To - Suit Facility | Newly constructed in 2024, the property was designed specifically for Whistle Express operations.
- Growing Express Car Wash Brand | Whistle Express continues expanding its footprint across the Southeast with modern express wash locations
Listing Contacts
Listed by SURMOUNT
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$325,125.00
$27,093.75/mo
Valuation Metrics
0
DSCR
6.75%
Cap Rate
6.75%
ROI
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