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3736 Riverdale Rd - Whistle Express Car Wash 4,712 SF Specialty Building Offered at $4,855,586 CAD at a 6.15% Cap Rate in Memphis, TN 38115
INVESTMENT HIGHLIGHTS
- Bonus Depreciation
- Located Directly in the City of Memphis, TN
- Corporate Guarantee from International Car Wash Group Ltd.
- Long Term, Absolute Triple Net (NNN) Lease
EXECUTIVE SUMMARY
Surmount is pleased to present the Offering Memorandum for a Whistle Express Car Wash located at 3736 Riverdale Road, Memphis, TN 38125. The site consists of roughly 4,712 rentable square feet of building space on an estimated 0.93-acre parcel of land. This Whistle Express Car Wash is subject to a 20 year Triple Net (NNN) lease, which commenced 11/26/2019. In December, the rent will increase to $213,922 and has scheduled increases of 1.50% annually.
PROPERTY FACTS
| Price | $4,855,586 CAD | Building Class | B |
| Price Per SF | $1,030.47 CAD | Lot Size | 0.93 AC |
| Sale Type | Investment | Building Size | 4,712 SF |
| Cap Rate | 6.15% | No. Stories | 1 |
| Property Type | Specialty | Year Built | 2005 |
| Property Subtype | Car Wash | No. Drive In / Grade-Level Doors | 2 |
| Zoning | CP | ||
| Price | $4,855,586 CAD |
| Price Per SF | $1,030.47 CAD |
| Sale Type | Investment |
| Cap Rate | 6.15% |
| Property Type | Specialty |
| Property Subtype | Car Wash |
| Building Class | B |
| Lot Size | 0.93 AC |
| Building Size | 4,712 SF |
| No. Stories | 1 |
| Year Built | 2005 |
| No. Drive In / Grade-Level Doors | 2 |
| Zoning | CP |
AMENITIES
- Bus Line
- Signage
1 1
PROPERTY TAXES
| Parcel Number | 09-3500-0-0584 | Improvements Assessment | $662,950 CAD |
| Land Assessment | $127,810 CAD | Total Assessment | $790,761 CAD |
PROPERTY TAXES
Parcel Number
09-3500-0-0584
Land Assessment
$127,810 CAD
Improvements Assessment
$662,950 CAD
Total Assessment
$790,761 CAD
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3736 Riverdale Rd - Whistle Express Car Wash
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