427 N Bridge St - Car Washes FOR SALE


Washington, NC 27889
$5,463,255 USD
203-253-9455
427 N Bridge St, Washington, NC for Sale
$5,463,255 USD
Car Washes - FOR SALE
1/3
null | 6.75% Cap Rate

427 N Bridge St
Washington, NC 27889


HIGHLIGHTS

  • Long - Term NNN Lease
  • 100% Bonus Depreciation
  • Signalized Hard Corner
  • High Traffic Corridor

OVERVIEW

Surmount is pleased to present the exclusive listing for a Whistle Express located at 427 Bridge Street, Washington, NC 27889. The site consists of roughly 4,230 rentable square feet of building space on an estimated .78-acre parcel of land. Whistle Express is subject to a 20-year Triple Net (NNN) lease, which commenced 11/21/2022. The current annual rent is $368,769 and has scheduled increases of 2.00% Annually.

FOR SALE DETAILS

PRICE

$5,463,255 USD

PRICE/SF

$1,292 USD /SF

CAP RATE

6.75%

% 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

2022

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.78 AC

LAND SF

33,977 SF

ZONING

B2

APN/PARCEL ID

5676-70-7331

ASK ABOUT THIS PROPERTY

Edward OtockaSurmountMore Info
203-253-9455

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Edward OtockaSurmountMore Info
203-253-9455

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