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108 E Adams Ave
Lebanon, TN 37087
Whistle Express · Specialty Property For Sale
·
3,927 SF
INVESTMENT HIGHLIGHTS
- Long Term Absolute Triple Net (NNN) Lease
- Annual Rental Increases
- Accelerated and Bonus Depreciation
- Corporate Guarantee
EXECUTIVE SUMMARY
Surmount is pleased to present the exclusive listing for a Whistle Express located at 108 E Adams Avenue, Lebanon, TN 37087. The site consists of roughly 3,927 rentable square feet of building space on an estimated 0.81-acre parcel of land. This Whistle Express is subject to a 17-year Triple Net (NNN) lease, which commenced 3/30/2021. The current annual rent is $433,528 and has scheduled increases of 1.50% annually.
PROPERTY FACTS
| Sale Type | Investment | Lot Size | 0.81 AC |
| Cap Rate | 6.25% | Building Size | 3,927 SF |
| Property Type | Specialty | No. Stories | 1 |
| Property Subtype | Car Wash | Year Built | 2016 |
| Building Class | C | ||
| Zoning | B4 | ||
| Sale Type | Investment |
| Cap Rate | 6.25% |
| Property Type | Specialty |
| Property Subtype | Car Wash |
| Building Class | C |
| Lot Size | 0.81 AC |
| Building Size | 3,927 SF |
| No. Stories | 1 |
| Year Built | 2016 |
| Zoning | B4 |
AMENITIES
- Signage
PROPERTY TAXES
| Parcel Number | 068M-E-003.00 | Improvements Assessment | $0 CAD |
| Land Assessment | $24,279 CAD | Total Assessment | $24,279 CAD |
PROPERTY TAXES
Parcel Number
068M-E-003.00
Land Assessment
$24,279 CAD
Improvements Assessment
$0 CAD
Total Assessment
$24,279 CAD
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