27510 Bermont Road, Punta Gorda, FL 33982 For Sale

Edward Otocka

PRO

NY NY 10401298466

Amelia Haydock

PRO

NY: 10401334976

Joey Kelly

PRO

NY 10401386896

Glen Kunofsky

PRO

NY 49KU1129178

Tom Jonsson

PRO

AZ BR695596000, CA 01755842

Christopher Marks

10401220338

Listed by SURMOUNT

$5,815,586

1 day on market

Updated 1 day ago

Whistle Express

Details

Property Type

Retail, Special Purpose

Sub Type

Car Wash

Square Footage

4,048

Cap Rate

6.5%

NOI

$378,013

Occupancy

100%

Tenancy

Single

Brand/Tenant

Whistle Express Car Wash

Lease Type

NNN

Lease Term

20.1

Lease Expiration

05/31/2044

Remaining Term

17.9

Rent Bumps

Yes

Lease Options

5, 5-Year Options

Year Built

2024

Acreage

1.060

Investment Type

Net Lease

Tenant Credit

Corporate Guarantee

Lease Commencement

05/10/2024

Ground Lease

Ownership

Fee Simple

About This Property for Sale

Marketing description

Surmount is pleased to present the exclusive listing for a Whistle Express located at 27510 Bermont Road, Punta Gorda, FL 33982. The site consists of roughly 4,048 rentable square feet of building space on an estimated 1.06-acre parcel of land. Whistle Express is subject to a 20-year Triple Net (NNN) lease, which commenced 6/20/2023. The current annual rent is $378,013 and has scheduled increases of 2.00% Annually.

Investment highlights

Long - Term NNN Lease | Whistle Express has over 17 years remaining on its original 20 - year Triple Net (NNN) lease, providing stable cash flow.
100% Bonus Depreciation | The subject property is eligible for 100% bonus depreciation offering significant tax advantages to investors.
Winn - Dixie Outparcel | The site is strategically positioned as an outparcel to a Winn - Dixie anchored retail center, increasing the amount of consumer traffic nearby.
Income Tax - Free State | Located in Florida, the subject property benefits from being situated in an income tax - free state, which provides several potential benefits to investors.