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427 N Bridge St - Whistle Express 4,230 SF Specialty Building Offered at $5,463,255 at a 6.75% Cap Rate in Washington, NC 27889
Investment Highlights
- Long - Term NNN Lease
- Signalized Hard Corner
- 100% Bonus Depreciation
- High Traffic Corridor
Executive Summary
Surmount is pleased to present the exclusive listing for a Whistle Express located at 427 Bridge Street, Washington, NC 27889. The site consists of roughly 4,230 rentable square feet of building space on an estimated .78-acre parcel of land. Whistle Express is subject to a 20-year Triple Net (NNN) lease, which commenced 11/21/2022. The current annual rent is $368,769 and has scheduled increases of 2.00% Annually.
Property Facts
| Price | $5,463,255 | Building Class | C |
| Price Per SF | $1,291.55 | Lot Size | 0.78 AC |
| Sale Type | Investment NNN | Building Size | 4,230 SF |
| Cap Rate | 6.75% | No. Stories | 1 |
| Property Type | Specialty | Year Built | 2022 |
| Property Subtype | Car Wash | ||
| Zoning | B2 | ||
| Price | $5,463,255 |
| Price Per SF | $1,291.55 |
| Sale Type | Investment NNN |
| Cap Rate | 6.75% |
| Property Type | Specialty |
| Property Subtype | Car Wash |
| Building Class | C |
| Lot Size | 0.78 AC |
| Building Size | 4,230 SF |
| No. Stories | 1 |
| Year Built | 2022 |
| Zoning | B2 |
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Fairly walkable
50/100
Exceptionally drivable
100/100
Fairly bikeable
40/100
Property Taxes
| Parcel Number | 5676-70-7331 | Improvements Assessment | $529,607 |
| Land Assessment | $273,000 | Total Assessment | $802,607 |
Property Taxes
Parcel Number
5676-70-7331
Land Assessment
$273,000
Improvements Assessment
$529,607
Total Assessment
$802,607
Contacts
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Edward Otocka -
Amelia Haydock -
Joseph Kelly -
Glen Kunofsky -
Christopher Marks -
Surmount
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