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1870 S Church St - Take 5 Car Wash 4,193 SF Specialty Building Offered at $3,871,243 at a 6% Cap Rate in Murfreesboro, TN 37130
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 1870 S Church St, Murfreesboro, TN 37130. The site consists of roughly 4,350 rentable square feet of building space on an estimated 1.3-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 $232,275 and has scheduled increases of 1.50% annually
PROPERTY FACTS
| Price | $3,871,243 | Building Class | C |
| Price Per SF | $889.94 | Lot Size | 1.30 AC |
| Sale Type | Investment | Building Size | 4,350 SF |
| Cap Rate | 6% | No. Stories | 1 |
| Property Type | Specialty | Year Built | 2009 |
| Property Subtype | Car Wash | Opportunity Zone |
Yes
|
| Zoning | C | ||
| Price | $3,871,243 |
| Price Per SF | $889.94 |
| Sale Type | Investment |
| Cap Rate | 6% |
| Property Type | Specialty |
| Property Subtype | Car Wash |
| Building Class | C |
| Lot Size | 1.30 AC |
| Building Size | 4,350 SF |
| No. Stories | 1 |
| Year Built | 2009 |
| Opportunity Zone |
Yes |
| Zoning | C |
PROPERTY TAXES
| Parcel Number | 113-010.05-000 | Improvements Assessment | $272,200 |
| Land Assessment | $496,360 | Total Assessment | $768,560 |
PROPERTY TAXES
Parcel Number
113-010.05-000
Land Assessment
$496,360
Improvements Assessment
$272,200
Total Assessment
$768,560
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1870 S Church St - Take 5 Car Wash
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