5325 Lakeview Pky - Car Washes FOR SALE


Rowlett, TX 75089
$2,190,000 USD
617-865-1145
5325 Lakeview Pky, Rowlett, TX for Sale
$2,190,000 USD
Car Washes - FOR SALE
1/2
null | 6.15% Cap Rate

5325 Lakeview Pky
Rowlett, TX 75089


HIGHLIGHTS

  • Priced Below Development Costs
  • Bonus Depreciation
  • Scheduled Rent Increases
  • Lease Guaranteed By Whistle Express | Largest Car Wash Operator In America

OVERVIEW

Surmount is pleased to present the exclusive listing for a Whistle Express Car Wash located at 5325 Lakeview Parkway, Rowlett, Texas 75088. The site consists of roughly 7210 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 12/22/2020. The current annual rent is $134,661 and has scheduled increases of 1.50% Annually.

FOR SALE DETAILS

PRICE

$2,190,000 USD

PRICE/SF

$355 USD /SF

CAP RATE

6.15%

% 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

2011

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.93 AC

LAND SF

40,511 SF

ZONING

Z236

APN/PARCEL ID

440007900A01R0000

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.