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Investment Highlights

  • Bonus Depreciation
  • Institutionally Backed
  • Corporate Guarantee from Tsunami Express Car Wash (70+ Units)
  • 20-Year Absolute Triple Net (NNN) Lease

Executive Summary

Surmount is pleased to present the exclusive listing for a Tsunami Express Car Wash located at 4120 Franklin Street, Michigan City, IN 46360. The site consists of roughly 3,416 rentable square feet of building space on an estimated .98-acre parcel of land. Tsunami Express Car Wash is subject to a 20-year Triple Net (NNN) lease which will commence upon close of escrow. The annual rent will be $311,850 and has scheduled increases of 2.00% Annually.

Property Facts

Price $4,620,000
Price Per SF $1,352.46
Sale Type Investment NNN
Cap Rate 6.75%
Property Type Specialty
Property Subtype Car Wash
Building Class C
Lot Size 0.98 AC
Building Size 3,416 SF
No. Stories 1
Year Built 2017
Fairly walkable
50/100
Exceptionally drivable
100/100
Somewhat bikeable
30/100

Property Taxes

Property Taxes

Parcel Number
46-05-09-101-013.000-009
Land Assessment
$173,200
Improvements Assessment
$300,300
Total Assessment
$473,500
  • Listing ID: 39852599

  • Date on Market: 3/20/2026

  • Last Updated:

  • Address: 4120 Franklin St, Michigan City, IN 46360

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