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3603 N Loy Lake Rd - Take 5 Car Wash - Whistle Express 4,092 SF Specialty Building Offered at $3,586,945 at a 5.50% Cap Rate in Sherman, TX 75090
Investment Highlights
- Over 23 Years Remaining | True Triple Net Lease
- Lease Guaranteed By Take 5 Car Wash - Whistle Express Corporate Guaranty
- Strong Demographics
- Bonus Depreciation
- TX Tax Free State
- Busy Trade Area
Executive Summary
Surmount is pleased to present the exclusive listing for a Take 5 Car Wash - Whistle Express Corporate Guaranty located at 3603 North Loy Lake Road, Sherman, TX 75090. The site consists of roughly 4,092 rentable square feet of building space on an estimated 1.57-acre parcel of land. Take 5 Car Wash - Whistle Express Corporate Guaranty is subject to a 24-year Triple Net (NNN) lease, which commenced 12/31/2025. The current annual rent is $197,282 and has scheduled increases of Variable.
Property Facts
| Price | $3,586,945 | Building Class | C |
| Price Per SF | $876.58 | Lot Size | 1.57 AC |
| Sale Type | Investment NNN | Building Size | 4,092 SF |
| Cap Rate | 5.50% | No. Stories | 1 |
| Property Type | Specialty | Year Built | 2018 |
| Property Subtype | Car Wash | Opportunity Zone |
Yes
|
| Zoning | C-1 | ||
| Price | $3,586,945 |
| Price Per SF | $876.58 |
| Sale Type | Investment NNN |
| Cap Rate | 5.50% |
| Property Type | Specialty |
| Property Subtype | Car Wash |
| Building Class | C |
| Lot Size | 1.57 AC |
| Building Size | 4,092 SF |
| No. Stories | 1 |
| Year Built | 2018 |
| Opportunity Zone |
Yes |
| Zoning | C-1 |
1 1
Fairly walkable
50/100
Exceptionally drivable
100/100
Somewhat bikeable
30/100
Property Taxes
| Parcel Number | 386997 | Improvements Assessment | $882,300 |
| Land Assessment | $390,937 | Total Assessment | $1,273,237 |
Property Taxes
Parcel Number
386997
Land Assessment
$390,937
Improvements Assessment
$882,300
Total Assessment
$1,273,237
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3603 N Loy Lake Rd - Take 5 Car Wash - Whistle Express
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