8671 Highway 17 Byp - Car Washes FOR SALE


Myrtle Beach, SC 29575
$6,855,000 USD
818-632-0233
8671 Highway 17 Byp, Myrtle Beach, SC for Sale
$6,855,000 USD
Car Washes - FOR SALE
1/11
null | 6.85% Cap Rate

8671 Highway 17 Byp
Myrtle Beach, SC 29575


HIGHLIGHTS

  • 18.5 Years Remaining | Annual Rental Increases | Established Brand
  • Absolute NNN | Fee Simple Ownership | Zero Landlord Responsibilities
  • South Strand Commons (400,000 SF) | Dense Retail Corridor
  • Near Signalized, Hard Corner Intersection | Excellent Visibility
  • Strong Demographics in 5-Mile Trade Area | Six-Figure Incomes

OVERVIEW

SRS National Net Lease is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in an absolute NNN leased, Whistle Express Car Wash investment property located in Surfside Beach (Myrtle Beach), South Carolina. The tenant, Express Wash Operations, LLC has 18.5 years remaining on their initial lease with 4 (5-year) options to extend, demonstrating their commitment to the site. The lease features 2% annual rental increases throughout the initial term and at the beginning of each option period, steadily growing NOI and hedging against inflation. The lease is absolute NNN with zero landlord responsibilities making it an ideal, management free investment opportunity for a passive investor. Whistle Express recently acquired Take 5 Car Wash, making it the largest express car wash company in the United States with 530+ locations across 23 states.

FOR SALE DETAILS

PRICE

$6,855,000 USD

PRICE/SF

$1,904 USD /SF

CAP RATE

6.85%

% LEASED

-

TENANCY

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Whistle Express Car Wash | 18.5yrs Abs NNN

PROPERTY TYPE

Specialty

PROPERTY SUBTYPE

Car Washes

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

C

YEAR BUILT

2024

SPRINKLERS

-

PARKING SPACES

19

LAND DETAILS

LAND ACRES

1.74 AC

LAND SF

75,794 SF

ZONING

C1

APN/PARCEL ID

447-16-04-0002

ASK ABOUT THIS PROPERTY

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818-632-0233

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Aron ClineSRS National Net LeaseMore Info
818-632-0233

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