62 Moore Dr - Car Washes FOR SALE


Southaven, MS 38671
$3,467,814 USD
332-345-4222
62 Moore Dr, Southaven, MS for Sale
$3,467,814 USD
Car Washes - FOR SALE
1/2
null | 7% Cap Rate

62 Moore Dr
Southaven, MS 38671


HIGHLIGHTS

  • Corporate Guarantee from Largest US Operator
  • Established Location with Over 14 Years Remaining
  • Attractive Rental Increases
  • Directly Adjacent to Lowe's Home Improvement

OVERVIEW

Surmount is pleased to present the exclusive listing for a Whistle Express Wash located at 62 Moore Drive, Southaven, MS 38671. The site consists of roughly 1,980 rentable square feet of building space on an estimated 0.93-acre parcel of land. This Whistle Express Wash is subject to a 20-year Triple Net (NNN) lease, which commenced 8/14/2019. The current annual rent is $242,747 and has scheduled increases of 1.75% annually.

FOR SALE DETAILS

PRICE

$3,467,814 USD

PRICE/SF

$1,751 USD /SF

CAP RATE

7%

% LEASED

-

TENANCY

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Whistle Express Car Wash

PROPERTY TYPE

Specialty

PROPERTY SUBTYPE

Car Washes

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

B

YEAR BUILT

2011

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.93 AC

LAND SF

40,511 SF

ZONING

C-4

APN/PARCEL ID

1087250300010700

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 Policy.