5011 Ramsey St - Car Washes FOR SALE


Fayetteville, NC 28311- Kings Grant
$4,283,800 USD
332-345-4202
5011 Ramsey St, Fayetteville, NC for Sale
$4,283,800 USD
Car Washes - FOR SALE
1/4
null | 6% Cap Rate

5011 Ramsey St
Fayetteville, NC 28311
Kings Grant


HIGHLIGHTS

  • Absolute Triple-Net (NNN) Lease | Zero Landlord Responsibilities
  • Original 20-Year Lease | Approximately Sixteen (16) Years Remaining | Four, Five-Year Options Remaining
  • 1.50% Rental Increases Annually | Next Rent Bump Occurring In December 2026 | Immediate Upside
  • Eligible For 100% Bonus Depreciation | Consult A Qualified Tax Professional Or Advisor For Additional Information

OVERVIEW

Surmount is pleased to present the exclusive listing for a Whistle Express located at 5011 Ramsey Street, Fayetteville, NC 28311. The site consists of roughly 4,253 rentable square feet of building space on an estimated 1.15-acre parcel of land. This Whistle Express is subject to a 20-year Triple Net (NNN) lease, which commenced 12/20/2021. The current annual rent is $257,028 and has scheduled increases of 1.50% annually.

FOR SALE DETAILS

PRICE

$4,283,800 USD

PRICE/SF

$3,060 USD /SF

CAP RATE

6%

% 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

B

YEAR BUILT

1995

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.67 AC

LAND SF

29,185 SF

ZONING

LC

APN/PARCEL ID

0530-61-0707

ASK ABOUT THIS PROPERTY

Judson KauffmanSurmountMore Info
332-345-4202

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Judson KauffmanSurmountMore Info
332-345-4202

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