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1406 Ben Sawyer Blvd - WhiteWater Express | Mt. Pleasant, SC 8,000 SF Specialty Building Offered at $5,200,000 at a 6.25% Cap Rate in Mount Pleasant, SC 29464
Investment Highlights
- Corporate-Guaranteed Lease ($400 Million Net Worth)
- Absolute NNN Lease With No Landlord Responsibilities
- Fee-Simple Investment Ideal for Bonus Depreciation (Includes Land and Building)
- Annual Rental Increases
- 20-Year Initial Lease Term With Four 5-Year Options
- WhiteWater Bought the Existing Time to Shine Car Wash, Which Successfully Operated at the Property for 4 Years
Executive Summary
20-Year Absolute NNN Corporate Lease | 140+ Unit Multi-State Operator; Full Corporate Guaranty | Affluent Charleston Suburb ($176K AHHI)
Property Facts
| Price | $5,200,000 | Building Class | B |
| Price Per SF | $650 | Lot Size | 1.04 AC |
| Sale Type | Investment | Building Size | 8,000 SF |
| Cap Rate | 6.25% | No. Stories | 1 |
| Property Type | Specialty | Year Built | 2021 |
| Property Subtype | Car Wash | No. Drive In / Grade-Level Doors | 8 |
| Price | $5,200,000 |
| Price Per SF | $650 |
| Sale Type | Investment |
| Cap Rate | 6.25% |
| Property Type | Specialty |
| Property Subtype | Car Wash |
| Building Class | B |
| Lot Size | 1.04 AC |
| Building Size | 8,000 SF |
| No. Stories | 1 |
| Year Built | 2021 |
| No. Drive In / Grade-Level Doors | 8 |
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Fairly walkable
50/100
Exceptionally drivable
100/100
Limited public transit
30/100
Fairly bikeable
40/100
Property Taxes
| Parcel Number | 532-11-00-148 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $187,800 |
Property Taxes
Parcel Number
532-11-00-148
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$187,800
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1406 Ben Sawyer Blvd - WhiteWater Express | Mt. Pleasant, SC
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