7465 Richlands Hwy - Car Washes FOR SALE


Richlands, NC 28574
$5,811,669 USD
203-253-9455
7465 Richlands Hwy, Richlands, NC for Sale
$5,811,669 USD
Car Washes - FOR SALE
1/3
null | 6.75% Cap Rate

7465 Richlands Hwy
Richlands, NC 28574


HIGHLIGHTS

  • Bonus Depreciation Opportunity
  • Brand New Construction
  • Long - Term Corporate Lease
  • Prime Retail Corridor

OVERVIEW

NNN Pro is pleased to present the exclusive listing for a Whistle Express Car Wash located at 7465 Richlands Highway, Richlands, North Carolina 28574. The site consists of roughly 5200 rentable square feet of building space on an estimated 1.38-acre parcel of land. This Whistle Express Car Wash is subject to a 20-year Triple Net (NNN) lease, which commenced 6/1/2024. The current annual rent is $392,288 and has scheduled increases of 2.00% Annually.

FOR SALE DETAILS

PRICE

$5,811,669 USD

PRICE/SF

$1,118 USD /SF

CAP RATE

6.75%

% 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

C

YEAR BUILT

2024

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.38 AC

LAND SF

60,113 SF

ZONING

C-2

APN/PARCEL ID

169666

ASK ABOUT THIS PROPERTY

Edward OtockaSurmountMore Info
203-253-9455

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Edward OtockaSurmountMore Info
203-253-9455

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