1510 Norman Dr - Retail FOR SALE


Valdosta, GA 31601
$3,182,100 USD
786-522-7013
1510 Norman Dr, Valdosta, GA for Sale
$3,182,100 USD
Retail - FOR SALE
1/3
null | 6% Cap Rate

1510 Norman Dr
Valdosta, GA 31601


HIGHLIGHTS

  • Brand-New 25-Year Corporate Lease | Commenced January 2025, Expiring December 2049
  • Long-Term Lease | 24+ Years Remaining on the Initial Term
  • Attractive Annual Rental Increases | Two Percent (2%) Annual Increases Beginning January 2029
  • Absolute NNN Lease | Zero Landlord Responsibilities
  • Corporate Guarantee | Backed by Whistle Express Car Wash Corporate
  • Eligible for 100% Bonus Depreciation | Potential Tax Advantages via Accelerated Depreciation

OVERVIEW

Marcus & Millichap is pleased to present for sale this Whistle Express Car Wash located at 1510 Norman Drive in Valdosta, Georgia, the principal city of the Valdosta MSA with a population of ±151,118. This freestanding, singletenant property features a 1,950-square-foot building situated on a 1.41-acre parcel, and features a brand new 25-year absolute NNN lease with a corporate guarantee. Valdosta serves as a key commercial hub of South Georgia, home to Valdosta State University with more than 12,000 students, and Moody Air Force Base, located 10 miles northeast, which supports thousands of military personnel and their families. The local economy is supported by manufacturing, agriculture, and the forestry industry, with Valdosta known as the “Naval Stores Capital of the World”—producing 80 percent of the global demand for pine-derived products such as tar, turpentine, lumber, and pulpwood. The property benefits from strong residential density, with numerous apartment communities in the immediate area including 805 Harmon Heights, Maple on Melody, The Grand at Lake Sheri, The Gables of Saint Augustine, 707 Baytree Apartments, Ashton Park Apartment Homes, and Valdosta Properties. Additionally, brand-new residential developments such as Cypress Lakes Subdivision (100 Homes) and Worthington Woods Subdivision are nearby, supporting continued population and housing growth. The lease commenced on January 1, 2025, and runs through December 31, 2049, providing investors with long-term, stable cash flow and zero landlord responsibilities. The lease includes 2 percent annual rental increases beginning January 1, 2029, along with four five-year renewal options, ensuring built-in income growth and long-term security for investors. Whistle Express Car Wash is the largest express car wash operator in the United States with more than 530 locations across 23 states and over 2,000 employees. Headquartered in Charlotte, North Carolina, the company has grown rapidly since its founding in 2014, including the transformative 2025 acquisition of Take 5 Car Wash from Driven Brands, which solidified its position as the nation’s market leader. In 2023, Whistle Express received a majority investment from funds managed by Oaktree Capital Management, L.P., fueling its accelerated national expansion strategy.

FOR SALE DETAILS

PRICE

$3,182,100 USD

PRICE/SF

$1,632 USD /SF

CAP RATE

6%

% LEASED

-

TENANCY

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Whistle Express Car Wash

PROPERTY TYPE

Retail

ADD'L SUBTYPES

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2015

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.41 AC

LAND SF

61,420 SF

ZONING

-

APN/PARCEL ID

0086A-001B

ASK ABOUT THIS PROPERTY

Ronnie IssenbergMarcus & MillichapMore Info
786-522-7013

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Ronnie IssenbergMarcus & MillichapMore Info
786-522-7013

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