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1419 Waddell Dr - Whistle Express 3,270 SF Specialty Building Offered at $2,624,014 at a 6.25% Cap Rate in Huntsville, AL 35806
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 1419 Waddell Drive, Huntsville, AL 35806. The site consists of roughly 3,270 rentable square feet of building space on an estimated 1.36-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 $164,000 and has scheduled increases of 1.50% annually.
Property Facts
| Price | $2,624,014 | Building Class | C |
| Price Per SF | $802.45 | Lot Size | 1.36 AC |
| Sale Type | Investment | Building Size | 3,270 SF |
| Cap Rate | 6.25% | No. Stories | 1 |
| Property Type | Specialty | Year Built | 2006 |
| Property Subtype | Car Wash | Opportunity Zone |
Yes
|
| Zoning | C - zoned for commercial use | ||
| Price | $2,624,014 |
| Price Per SF | $802.45 |
| Sale Type | Investment |
| Cap Rate | 6.25% |
| Property Type | Specialty |
| Property Subtype | Car Wash |
| Building Class | C |
| Lot Size | 1.36 AC |
| Building Size | 3,270 SF |
| No. Stories | 1 |
| Year Built | 2006 |
| Opportunity Zone |
Yes |
| Zoning | C - zoned for commercial use |
Property Taxes
| Parcel Number | 15-07-25-0-001-008.007 | Improvements Assessment | $96,120 |
| Land Assessment | $100,220 | Total Assessment | $196,340 |
Property Taxes
Parcel Number
15-07-25-0-001-008.007
Land Assessment
$100,220
Improvements Assessment
$96,120
Total Assessment
$196,340
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1419 Waddell Dr - Whistle Express
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