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1900 W University Dr - Whistle Express Car Wash | 23+yr Abs NNN 4,311 SF Specialty Building Offered at $7,769,447 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 | $7,769,447 CAD | Building Class | B |
| Price Per SF | $1,396.13 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 | $7,769,447 CAD |
| Price Per SF | $1,396.13 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
1 1
Fairly walkable
50/100
Exceptionally drivable
100/100
Limited public transit
30/100
Fairly bikeable
40/100
Property Taxes
| Parcel Number | R561273 | Improvements Assessment | $2,147,899 CAD |
| Land Assessment | $1,243,658 CAD | Total Assessment | $3,391,557 CAD |
Property Taxes
Parcel Number
R561273
Land Assessment
$1,243,658 CAD
Improvements Assessment
$2,147,899 CAD
Total Assessment
$3,391,557 CAD
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1900 W University Dr - Whistle Express Car Wash | 23+yr Abs NNN
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