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200 Pacer Dr NW - Whistle Express 3,850 SF Specialty Building Offered at $4,716,480 at a 6.75% Cap Rate in Corydon, IN 47112
Investment Highlights
- Excellent Interstate Visibility
- Bonus Depreciation Eligible
- Strong Regional Retail Hub
- High - Traffic Interstate Exit
Executive Summary
Surmount is pleased to present the exclusive listing for a Whistle Express located at 200 Pacer Court Northwest, Corydon, IN 47112. The site consists of roughly 3,850 rentable square feet of building space on an estimated 1.41-acre parcel of land. Whistle Express is subject to a 20-year Triple Net (NNN) lease, which commenced 11/15/2023. The current annual rent is $318,362 and has scheduled increases of 2.00% Annually.
Property Facts
| Price | $4,716,480 | Building Class | C |
| Price Per SF | $1,225.06 | Lot Size | 1.41 AC |
| Sale Type | Investment NNN | Building Size | 3,850 SF |
| Cap Rate | 6.75% | No. Stories | 1 |
| Property Type | Specialty | Year Built | 2022 |
| Property Subtype | Car Wash |
| Price | $4,716,480 |
| Price Per SF | $1,225.06 |
| Sale Type | Investment NNN |
| Cap Rate | 6.75% |
| Property Type | Specialty |
| Property Subtype | Car Wash |
| Building Class | C |
| Lot Size | 1.41 AC |
| Building Size | 3,850 SF |
| No. Stories | 1 |
| Year Built | 2022 |
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Somewhat walkable
30/100
Exceptionally drivable
100/100
Somewhat bikeable
20/100
Property Taxes
| Parcel Number | 31-09-24-251-001.000-007 | Improvements Assessment | $773,500 |
| Land Assessment | $295,500 | Total Assessment | $1,069,000 |
Property Taxes
Parcel Number
31-09-24-251-001.000-007
Land Assessment
$295,500
Improvements Assessment
$773,500
Total Assessment
$1,069,000
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