Whistle Express Car Wash | Myrtle Beach, SC 8671 U.S. 17
Myrtle Beach, SC 29575
For Sale
3,405 sqft
Sale Price
$7,700,000
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Retail For Sale - Available Immediately
6.34% CAP | Absolute NNN | 17.5+ Yr Lease Term
CORPORATE GUARANTY LARGEST CAR WASH OPERATOR IN THE US
QUALIFIES FOR ACCELERATED AND BONUS DEPRECIATION
EXCELLENT SITE-LEVEL VISIBILITY
Get in touch
Nate Barnes
Lic: 01908103
NB
Tony Anderson
Lic: 01936642
TA
Richard Brehaut
Lic: 01934760
RB
Kent Presson
Lic: 02076597
KP
Ansel Bunch
LONG-TERM ABSOLUTE TRIPLE NET (NNN) LEASE
The property is subject to an Absolute Triple Net (NNN) lease with Whistle Express Car Wash, which has over 17 years of lease term remaining and zero landlord responsibilities. The tenant is responsible for all management obligations at the property, including property taxes, insurance, and all repairs & maintenance at the property, including the roof & structure. Additionally, there are 2% annual rental increases built into the lease, providing the owner with positive rent growth
and a hedge against inflation.
The property is subject to an Absolute Triple Net (NNN) lease with Whistle Express Car Wash, which has over 17 years of lease term remaining and zero landlord responsibilities. The tenant is responsible for all management obligations at the property, including property taxes, insurance, and all repairs & maintenance at the property, including the roof & structure. Additionally, there are 2% annual rental increases built into the lease, providing the owner with positive rent growth
and a hedge against inflation.
LOCATED IN DOMINANT RETAIL CORRIDOR
The subject property benefits from its positioning within a strong retail area, with several nearby shopping centers and major national retailers. These include Surfside Commons Shopping Mall, anchored by Walmart Supercenter, and a major power center across the highway, which features prominent retailers such as Lowe’s, Kohl’s, Ross Dress for Less, PetSmart, Office Depot, and more. Other national retailers in the vicinity include Target, Marshalls, ALDI, 7-Eleven, Dollar Tree, and more.
The subject property benefits from its positioning within a strong retail area, with several nearby shopping centers and major national retailers. These include Surfside Commons Shopping Mall, anchored by Walmart Supercenter, and a major power center across the highway, which features prominent retailers such as Lowe’s, Kohl’s, Ross Dress for Less, PetSmart, Office Depot, and more. Other national retailers in the vicinity include Target, Marshalls, ALDI, 7-Eleven, Dollar Tree, and more.
Total Space Available
3,405 sqft
Sale Price
$7,700,000
Get in touch
Nate Barnes
Lic: 01908103
NB
Tony Anderson
Lic: 01936642
TA
Richard Brehaut
Lic: 01934760
RB
Kent Presson
Lic: 02076597
KP
Ansel Bunch