3603 N Loy Lake Rd - Car Washes FOR SALE


Sherman, TX 75090
$3,586,945 USD
332-345-4220
3603 N Loy Lake Rd, Sherman, TX for Sale
$3,586,945 USD
Car Washes - FOR SALE
1/3
null | 5.5% Cap Rate

3603 N Loy Lake Rd
Sherman, TX 75090


HIGHLIGHTS

  • Over 23 Years Remaining | True Triple Net Lease
  • Bonus Depreciation
  • Lease Guaranteed By Take 5 Car Wash - Whistle Express Corporate Guaranty
  • TX Tax Free State
  • Strong Demographics
  • Busy Trade Area

OVERVIEW

Surmount is pleased to present the exclusive listing for a Take 5 Car Wash - Whistle Express Corporate Guaranty located at 3603 North Loy Lake Road, Sherman, TX 75090. The site consists of roughly 4,092 rentable square feet of building space on an estimated 1.57-acre parcel of land. Take 5 Car Wash - Whistle Express Corporate Guaranty is subject to a 24-year Triple Net (NNN) lease, which commenced 12/31/2025. The current annual rent is $197,282 and has scheduled increases of Variable.

FOR SALE DETAILS

PRICE

$3,586,945 USD

PRICE/SF

$877 USD /SF

CAP RATE

5.5%

% LEASED

-

TENANCY

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Take 5 Car Wash - Whistle Express

PROPERTY TYPE

Specialty

PROPERTY SUBTYPE

Car Washes

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

C

YEAR BUILT

2018

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.57 AC

LAND SF

68,346 SF

ZONING

C-1

APN/PARCEL ID

386997

ASK ABOUT THIS PROPERTY

Richard NardiSurmountMore Info
332-345-4220

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Richard NardiSurmountMore Info
332-345-4220

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