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7465 Richlands Hwy - Whistle Express 5,200 SF Specialty Building Offered at $5,811,669 at a 6.75% Cap Rate in Richlands, NC 28574
Investment Highlights
- Bonus Depreciation Opportunity
- Long - Term Corporate Lease
- Brand New Construction
- Prime Retail Corridor
Executive Summary
NNN Pro is pleased to present the exclusive listing for a Whistle Express Car Wash located at 7465 Richlands Highway, Richlands, North Carolina 28574. The site consists of roughly 5200 rentable square feet of building space on an estimated 1.38-acre parcel of land. This Whistle Express Car Wash is subject to a 20-year Triple Net (NNN) lease, which commenced 6/1/2024. The current annual rent is $392,288 and has scheduled increases of 2.00% Annually.
Property Facts
| Price | $5,811,669 | Building Class | C |
| Price Per SF | $1,117.63 | Lot Size | 1.38 AC |
| Sale Type | Investment NNN | Building Size | 5,200 SF |
| Cap Rate | 6.75% | No. Stories | 1 |
| Property Type | Specialty | Year Built | 2024 |
| Property Subtype | Car Wash | ||
| Zoning | C-2 | ||
| Price | $5,811,669 |
| Price Per SF | $1,117.63 |
| Sale Type | Investment NNN |
| Cap Rate | 6.75% |
| Property Type | Specialty |
| Property Subtype | Car Wash |
| Building Class | C |
| Lot Size | 1.38 AC |
| Building Size | 5,200 SF |
| No. Stories | 1 |
| Year Built | 2024 |
| Zoning | C-2 |
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Somewhat walkable
30/100
Exceptionally drivable
100/100
Somewhat bikeable
30/100
Property Taxes
| Parcel Number | 169666 | Improvements Assessment | $438,560 |
| Land Assessment | $631,190 | Total Assessment | $1,069,750 |
Property Taxes
Parcel Number
169666
Land Assessment
$631,190
Improvements Assessment
$438,560
Total Assessment
$1,069,750
Contacts
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Edward Otocka -
Amelia Haydock -
Joseph Kelly -
Glen Kunofsky -
Christopher Marks -
Surmount
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Photos
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