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5325 Lakeview Pky - Whistle Express 7,210 SF Specialty Building Offered at $2,190,000 at a 6.15% Cap Rate in Rowlett, TX 75089
INVESTMENT HIGHLIGHTS
- Priced Below Development Costs
- Scheduled Rent Increases
- Bonus Depreciation
- Lease Guaranteed By Whistle Express | Largest Car Wash Operator In America
EXECUTIVE SUMMARY
Surmount is pleased to present the exclusive listing for a Whistle Express Car Wash located at 5325 Lakeview Parkway, Rowlett, Texas 75088. The site consists of roughly 7210 rentable square feet of building space on an estimated 0.93-acre parcel of land. This Whistle Express Car Wash is subject to a 20-year Triple Net (NNN) lease, which commenced 12/22/2020. The current annual rent is $134,661 and has scheduled increases of 1.50% Annually.
PROPERTY FACTS
| Price | $2,190,000 | Building Class | C |
| Price Per SF | $303.74 | Lot Size | 0.93 AC |
| Sale Type | Investment | Building Size | 7,210 SF |
| Cap Rate | 6.15% | No. Stories | 1 |
| Property Type | Specialty | Year Built | 2011 |
| Property Subtype | Car Wash | ||
| Zoning | Z236 | ||
| Price | $2,190,000 |
| Price Per SF | $303.74 |
| Sale Type | Investment |
| Cap Rate | 6.15% |
| Property Type | Specialty |
| Property Subtype | Car Wash |
| Building Class | C |
| Lot Size | 0.93 AC |
| Building Size | 7,210 SF |
| No. Stories | 1 |
| Year Built | 2011 |
| Zoning | Z236 |
PROPERTY TAXES
| Parcel Number | 440007900A01R0000 | Improvements Assessment | $2,013,880 |
| Land Assessment | $486,120 | Total Assessment | $2,500,000 |
PROPERTY TAXES
Parcel Number
440007900A01R0000
Land Assessment
$486,120
Improvements Assessment
$2,013,880
Total Assessment
$2,500,000
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5325 Lakeview Pky - Whistle Express
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