1419 Waddell Dr - Car Washes FOR SALE


Huntsville, AL 35806- University/Research Park
$2,624,014 USD
332-345-4206
1419 Waddell Dr, Huntsville, AL for Sale
$2,624,014 USD
Car Washes - FOR SALE
1/3
null | 6.25% Cap Rate

1419 Waddell Dr
Huntsville, AL 35806
University/Research Park


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 1419 Waddell Drive, Huntsville, AL 35806. The site consists of roughly 3,270 rentable square feet of building space on an estimated 1.36-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 $164,000 and has scheduled increases of 1.50% annually.

FOR SALE DETAILS

PRICE

$2,624,014 USD

PRICE/SF

$803 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

2006

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.36 AC

LAND SF

59,242 SF

ZONING

C

APN/PARCEL ID

15-07-25-0-001-008.007

ASK ABOUT THIS PROPERTY

Russell WachtlerSurmountMore Info
332-345-4206

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Russell WachtlerSurmountMore Info
332-345-4206

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