3736 Riverdale Rd - Car Washes FOR SALE


Memphis, TN 38115
$3,478,413 USD
617-865-1145
3736 Riverdale Rd, Memphis, TN for Sale
$3,478,413 USD
Car Washes - FOR SALE
1/2
null | 6.15% Cap Rate

3736 Riverdale Rd
Memphis, TN 38115


HIGHLIGHTS

  • Bonus Depreciation
  • Corporate Guarantee from International Car Wash Group Ltd.
  • Located Directly in the City of Memphis, TN
  • Long Term, Absolute Triple Net (NNN) Lease

OVERVIEW

Surmount is pleased to present the Offering Memorandum for a Whistle Express Car Wash located at 3736 Riverdale Road, Memphis, TN 38125. The site consists of roughly 4,712 rentable square feet of building space on an estimated 0.93-acre parcel of land. This Whistle Express Car Wash is subject to a 20 year Triple Net (NNN) lease, which commenced 11/26/2019. In December, the rent will increase to $213,922 and has scheduled increases of 1.50% annually.

FOR SALE DETAILS

PRICE

$3,478,413 USD

PRICE/SF

$654 USD /SF

CAP RATE

6.15%

% LEASED

-

TENANCY

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Whistle Express Car Wash

PROPERTY TYPE

Specialty

PROPERTY SUBTYPE

Car Washes

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

B

YEAR BUILT

2005

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.93 AC

LAND SF

40,511 SF

ZONING

CP

APN/PARCEL ID

09-3500-0-0584

ASK ABOUT THIS PROPERTY

Josh KanterSurmountMore Info
617-865-1145

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Josh KanterSurmountMore Info
617-865-1145

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