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108 E Adams Ave - Whistle Express 3,927 SF Specialty Building Offered at $6,936,446 at a 6.25% Cap Rate in Lebanon, TN 37087
INVESTMENT HIGHLIGHTS
- Long Term Absolute Triple Net (NNN) Lease
- Annual Rental Increases
- Accelerated and Bonus Depreciation
- Corporate Guarantee
EXECUTIVE SUMMARY
Surmount is pleased to present the exclusive listing for a Whistle Express located at 108 E Adams Avenue, Lebanon, TN 37087. The site consists of roughly 3,927 rentable square feet of building space on an estimated 0.81-acre parcel of land. This Whistle Express is subject to a 17-year Triple Net (NNN) lease, which commenced 3/30/2021. The current annual rent is $433,528 and has scheduled increases of 1.50% annually.
PROPERTY FACTS
| Price | $6,936,446 | Building Class | C |
| Price Per SF | $1,766.35 | Lot Size | 0.81 AC |
| Sale Type | Investment | Building Size | 3,927 SF |
| Cap Rate | 6.25% | No. Stories | 1 |
| Property Type | Specialty | Year Built | 2016 |
| Property Subtype | Car Wash | ||
| Zoning | B4 | ||
| Price | $6,936,446 |
| Price Per SF | $1,766.35 |
| Sale Type | Investment |
| Cap Rate | 6.25% |
| Property Type | Specialty |
| Property Subtype | Car Wash |
| Building Class | C |
| Lot Size | 0.81 AC |
| Building Size | 3,927 SF |
| No. Stories | 1 |
| Year Built | 2016 |
| Zoning | B4 |
AMENITIES
- Signage
PROPERTY TAXES
| Parcel Number | 068M-E-003.00 | Improvements Assessment | $0 |
| Land Assessment | $17,520 | Total Assessment | $17,520 |
PROPERTY TAXES
Parcel Number
068M-E-003.00
Land Assessment
$17,520
Improvements Assessment
$0
Total Assessment
$17,520
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108 E Adams Ave - Whistle Express
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