Listed by SURMOUNT
$4,716,480
Whistle Express
Details
Property Type Retail, Special Purpose
Sub Type Car Wash
Square Footage 3,850
Cap Rate 6.75%
NOI $318,362
Occupancy 100%
Tenancy Single
Brand/Tenant Whistle Express Car Wash
Lease Type NNN
Lease Term 20.1
Lease Expiration 11/30/2043
Remaining Term 17.4
Rent Bumps Yes
Lease Options 5, 5-Year Options
Year Built 2022
Acreage 1.410
Investment Type Net Lease
Tenant Credit Corporate Guarantee
Lease Commencement 11/15/2023
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 200 Pacer Court Northwest, Corydon, IN 47112. The site consists of roughly 3,850 rentable square feet of building space on an estimated 1.41-acre parcel of land. Whistle Express is subject to a 20-year Triple Net (NNN) lease, which commenced 11/15/2023. The current annual rent is $318,362 and has scheduled increases of 2.00% Annually.
Investment highlights
- Excellent Interstate Visibility | Positioned immediately off I - 64 with approximately 60,000 vehicles per day, the property benefits from exceptional visibility and easy regional access
- Strong Regional Retail Hub | Located within Corydon's dominant retail corridor alongside Walmart, Starbucks, Five Below, Dunkin', Wendy's, Arby's and numerous national brands.
- Bonus Depreciation Eligible | Eligible for bonus depreciation, providing investors with the potential for accelerated tax benefits and enhanced after - tax investment returns.
- High - Traffic Interstate Exit | Situated at one of Southern Indiana's primary interstate exits, attracting commuters, local residents & travelers in the Louisville area
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
$318,362.00
$26,530.17/mo
Valuation Metrics
0
DSCR
6.75%
Cap Rate
6.75%
ROI
Broker Selected Comps View More Comps
Property History
Similar Properties
Additional Information
Name
License
Brokerage
Title
Is there information that looks off?
