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62 Moore Dr - Whistle Express Car Wash 1,980 SF Specialty Building Offered at $3,734,569 at a 6.50% Cap Rate in Southaven, MS 38671
Investment Highlights
- Corporate Guarantee from Largest US Operator
- Attractive Rental Increases
- Established Location with Over 14 Years Remaining
- Directly Adjacent to Lowe's Home Improvement
Executive Summary
Surmount is pleased to present the exclusive listing for a Whistle Express Wash located at 62 Moore Drive, Southaven, MS 38671. The site consists of roughly 1,980 rentable square feet of building space on an estimated 0.93-acre parcel of land. This Whistle Express Wash is subject to a 20-year Triple Net (NNN) lease, which commenced 8/14/2019. The current annual rent is $242,747 and has scheduled increases of 1.75% annually.
Property Facts
| Price | $3,734,569 | Building Class | B |
| Price Per SF | $1,886.15 | Lot Size | 0.93 AC |
| Sale Type | Investment | Building Size | 1,980 SF |
| Cap Rate | 6.50% | No. Stories | 1 |
| Property Type | Specialty | Year Built | 2011 |
| Property Subtype | Car Wash | No. Drive In / Grade-Level Doors | 2 |
| Zoning | C-4 | ||
| Price | $3,734,569 |
| Price Per SF | $1,886.15 |
| Sale Type | Investment |
| Cap Rate | 6.50% |
| Property Type | Specialty |
| Property Subtype | Car Wash |
| Building Class | B |
| Lot Size | 0.93 AC |
| Building Size | 1,980 SF |
| No. Stories | 1 |
| Year Built | 2011 |
| No. Drive In / Grade-Level Doors | 2 |
| Zoning | C-4 |
Property Taxes
| Parcel Number | 1087250300010700 | Improvements Assessment | $41,701 |
| Land Assessment | $30,383 | Total Assessment | $72,084 |
Property Taxes
Parcel Number
1087250300010700
Land Assessment
$30,383
Improvements Assessment
$41,701
Total Assessment
$72,084
Contacts
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Glen Kunofsky -
Edward Otocka -
Robert Stein -
Luke Babcock -
Christopher Marks -
Surmount
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62 Moore Dr - Whistle Express Car Wash
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