515 E Southway Blvd - Freestanding FOR SALE


Kokomo, IN 46902
$3,952,444 USD
332-345-4220
515 E Southway Blvd, Kokomo, IN for Sale
$3,952,444 USD
Freestanding - FOR SALE
1/3
null | 6.25% Cap Rate

515 E Southway Blvd
Kokomo, IN 46902


HIGHLIGHTS

  • Over 24 Years Remaining | True Triple Net Lease
  • Bonus Depreciation
  • High Traffic Counts
  • Modern, High-Throughput Car Wash Design

OVERVIEW

Surmount is pleased to present the exclusive listing for a Tsunami Express Car Wash - Whistle Express Corporate Guaranty located at 515 East Southway Blvd, Kokomo, IN 46908. The site consists of roughly 4,219 rentable square feet of building space on an estimated 0.62-acre parcel of land. The current annual rent is $247,028 and has scheduled increases of 1.90% annually starting 1/1/2030.

FOR SALE DETAILS

PRICE

$3,952,444 USD

PRICE/SF

$937 USD /SF

CAP RATE

6.25%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Tsunami Express Car Wash

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Freestanding

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

2022

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.62 AC

LAND SF

27,007 SF

ZONING

-

APN/PARCEL ID

-

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.