108 E Adams Ave - Car Washes FOR SALE


Lebanon, TN 37087- Downtown Lebanon
$6,936,446 USD
332-345-4206
108 E Adams Ave, Lebanon, TN for Sale
$6,936,446 USD
Car Washes - FOR SALE
1/3
null | 6.25% Cap Rate

108 E Adams Ave
Lebanon, TN 37087
Downtown Lebanon


HIGHLIGHTS

  • Long Term Absolute Triple Net (NNN) Lease
  • Accelerated and Bonus Depreciation
  • Annual Rental Increases
  • Corporate Guarantee

OVERVIEW

Surmount is pleased to present the exclusive listing for a Whistle Express located at 108 E Adams Avenue, Lebanon, TN 37087. The site consists of roughly 3,927 rentable square feet of building space on an estimated 0.81-acre parcel of land. This Whistle Express is subject to a 17-year Triple Net (NNN) lease, which commenced 3/30/2021. The current annual rent is $433,528 and has scheduled increases of 1.50% annually.

FOR SALE DETAILS

PRICE

$6,936,446 USD

PRICE/SF

$1,766 USD /SF

CAP RATE

6.25%

% LEASED

-

TENANCY

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Whistle Express

PROPERTY TYPE

Specialty

PROPERTY SUBTYPE

Car Washes

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

C

YEAR BUILT

2016

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.81 AC

LAND SF

35,284 SF

ZONING

B4

APN/PARCEL ID

068M-E-003.00

ASK ABOUT THIS PROPERTY

Russell WachtlerSurmountMore Info
332-345-4206

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.

Russell WachtlerSurmountMore Info
332-345-4206

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.