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402 Kroger Way
Versailles, KY 40383
Take 5 Car Wash - Whistle Express Guaranty · Specialty Property For Sale
·
4,414 SF
INVESTMENT HIGHLIGHTS
- Priced Below Development Costs
- Bonus Depreiciation | This property offers 100% bonus depreciation, offering notable tax advantages in the early years of ownership.
- Lease Guaranteed By Whistle Express | Largest Car Wash Operator In America
- This Whistle Express Car Wash presents a unique opportunity to acquire a high-quality asset at a price point well below replacement cost
- Outparceled to Kroger | Surrounded By Other National Tenants
EXECUTIVE SUMMARY
Surmount is pleased to present the exclusive listing for a Take 5 Car Wash located at 402 Kroger Way, Versailles, Kentucky 40383. The site consists of roughly 4,414 rentable square feet of building space on an estimated 1.49-acre parcel of land. This Take 5 Car Wash is subject to a 20-year Triple Net (NNN) lease, which commenced 6/30/2020. The current annual rent is $202,189 and has scheduled increases of 1.50% Annually.
PROPERTY FACTS
| Sale Type | Investment NNN | Lot Size | 1.50 AC |
| Cap Rate | 6.30% | Building Size | 4,414 SF |
| Property Type | Specialty | No. Stories | 1 |
| Property Subtype | Car Wash | Year Built | 2020 |
| Building Class | C |
| Sale Type | Investment NNN |
| Cap Rate | 6.30% |
| Property Type | Specialty |
| Property Subtype | Car Wash |
| Building Class | C |
| Lot Size | 1.50 AC |
| Building Size | 4,414 SF |
| No. Stories | 1 |
| Year Built | 2020 |
PROPERTY TAXES
| Parcel Number | 30-8002-002-04 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $3,107,700 |
PROPERTY TAXES
Parcel Number
30-8002-002-04
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$3,107,700
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