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Tsunami Express Car Wash 515 E Southway Blvd 4,219 SF Retail Building Kokomo, IN 46902 $3,952,444 ($936.82/SF) 6.25% Cap Rate
Investment Highlights
- Over 24 Years Remaining | True Triple Net Lease
- High Traffic Counts
- Bonus Depreciation
- Modern, High-Throughput Car Wash Design
Executive Summary
Surmount is pleased to present the exclusive listing for a Tsunami Express Car Wash - Whistle Express Corporate Guaranty located at 515 East Southway Blvd, Kokomo, IN 46908. The site consists of roughly 4,219 rentable square feet of building space on an estimated 0.62-acre parcel of land. The current annual rent is $247,028 and has scheduled increases of 1.90% annually starting 1/1/2030.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Freestanding
Building Size
4,219 SF
Building Class
C
Year Built
2022
Price
$3,952,444
Price Per SF
$936.82
Cap Rate
6.25%
NOI
$247,028
Tenancy
Single
Building Height
1 Story
Building FAR
0.16
Lot Size
0.62 AC
Frontage
Amenities
- Pylon Sign
- Signage
Nearby Major Retailers
1 of 4
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Tsunami Express Car Wash | 515 E Southway Blvd
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