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1900 W University Dr - Whistle Express Car Wash | 23+yr Abs NNN 4,311 SF Specialty Building Offered at $7,851,329 CAD at a 5.75% Cap Rate in Denton, TX 76201
Investment Highlights
- 23+ Years Remaining | Options To Extend | Annual Rental Increases | Bonus Depreciation Opportunity
- Rayzor Ranch Marketplace | Rayzor Ranch Town Center |University of North Texas (43,000+ Students)
- Absolute NNN | Fee Simple Ownership | Zero Landlord Responsibilities
- Strong Demographics In 5-Mile Trade Area
Executive Summary
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 Denton, Texas. The tenant, Whistle Express Car Wash, has over 23 years of lease term remaining with 4 (5-year) options to extend, demonstrating their commitment to the site. The lease features 1.90% annual rental increases throughout the initial term beginning in 2030 and throughout 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. The property may qualify for bonus depreciation, consult with a tax advisor.
Property Facts
| Price | $7,851,329 CAD | Building Class | B |
| Price Per SF | $1,410.84 CAD | Lot Size | 1.36 AC |
| Sale Type | Investment | Building Size | 5,565 SF |
| Cap Rate | 5.75% | No. Stories | 1 |
| Property Type | Specialty | Year Built | 2013 |
| Property Subtype | Car Wash | Parking Ratio | 3.77/1,000 SF |
| Zoning | SC - Suburban Corridor | ||
| Price | $7,851,329 CAD |
| Price Per SF | $1,410.84 CAD |
| Sale Type | Investment |
| Cap Rate | 5.75% |
| Property Type | Specialty |
| Property Subtype | Car Wash |
| Building Class | B |
| Lot Size | 1.36 AC |
| Building Size | 5,565 SF |
| No. Stories | 1 |
| Year Built | 2013 |
| Parking Ratio | 3.77/1,000 SF |
| Zoning | SC - Suburban Corridor |
Amenities
- Signage
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Walk Score®
Very Walkable (71)
Bike Score®
Very Bikeable (75)
Property Taxes
| Parcel Number | R561273 | Improvements Assessment | $2,127,908 CAD |
| Land Assessment | $1,232,083 CAD | Total Assessment | $3,359,990 CAD |
Property Taxes
Parcel Number
R561273
Land Assessment
$1,232,083 CAD
Improvements Assessment
$2,127,908 CAD
Total Assessment
$3,359,990 CAD
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1900 W University Dr - Whistle Express Car Wash | 23+yr Abs NNN
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