5130 Copper Creek Blvd - Car Washes FOR SALE


Millington, TN 38053
$4,600,383 USD
332-345-4222
5130 Copper Creek Blvd, Millington, TN for Sale
$4,600,383 USD
Car Washes - FOR SALE
1/3
null | 5.75% Cap Rate

5130 Copper Creek Blvd
Millington, TN 38053


HIGHLIGHTS

  • Long-Term 29-Year Triple Net Lease
  • Strong Current Rent With Future Growth
  • Passive NNN Structure
  • Established Operating Location

OVERVIEW

Surmount is pleased to present the exclusive listing for a Whistle Express located at 5130 Copper Creek Boulevard, Millington, TN 38053. The site consists of roughly 4,753 rentable square feet of building space on an estimated 1.37-acre parcel of land. Whistle Express is subject to a 29-year Triple Net (NNN) lease, which commenced 12.31.2020. The current annual rent is $264,522 and has scheduled increases of 1.90% Annually beginning 1/1/2030.

FOR SALE DETAILS

PRICE

$4,600,383 USD

PRICE/SF

$969 USD /SF

CAP RATE

5.75%

% 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

B

YEAR BUILT

2008

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.37 AC

LAND SF

59,677 SF

ZONING

B-2

APN/PARCEL ID

M0-115-0-0965

ASK ABOUT THIS PROPERTY

Glen KunofskySurmountMore Info
332-345-4222

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Glen KunofskySurmountMore Info
332-345-4222

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