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4567 E Highway 20 - Whistle Express Car Wash 5,376 SF Specialty Building Offered at $7,370,458 CAD at a 5.75% Cap Rate in Niceville, FL 32578
INVESTMENT HIGHLIGHTS
- Corporate Guaranteed Lease | Options To Extend | Scheduled Rental Increases
- Nearby National/Credit Tenants | Frontage Visibility | High Traffic Counts (45,100 VPD) | Bluewater Bay (77,000+ SF)
- Absolute NNN | Fee Simple Ownership | Zero Landlord Responsibilities
- Strong Demographics In 5-Mile Trade Area
EXECUTIVE SUMMARY
• Whistle Express Car Wash Corporate guaranteed lease
• Over 17 years remaining with 4 (5-year) option periods to extend
• The lease features 2% annual rental increases beginning in 2029
• Over 17 years remaining with 4 (5-year) option periods to extend
• The lease features 2% annual rental increases beginning in 2029
PROPERTY FACTS
| Price | $7,370,458 CAD | Lot Size | 1.02 AC |
| Price Per SF | $1,370.99 CAD | Building Size | 5,376 SF |
| Sale Type | Investment | No. Stories | 1 |
| Cap Rate | 5.75% | Year Built/Renovated | 2006/2025 |
| Property Type | Specialty | Parking Ratio | 6.14/1,000 SF |
| Property Subtype | Car Wash | No. Drive In / Grade-Level Doors | 1 |
| Building Class | B | ||
| Zoning | MU-1 - Mixed-Use | ||
| Price | $7,370,458 CAD |
| Price Per SF | $1,370.99 CAD |
| Sale Type | Investment |
| Cap Rate | 5.75% |
| Property Type | Specialty |
| Property Subtype | Car Wash |
| Building Class | B |
| Lot Size | 1.02 AC |
| Building Size | 5,376 SF |
| No. Stories | 1 |
| Year Built/Renovated | 2006/2025 |
| Parking Ratio | 6.14/1,000 SF |
| No. Drive In / Grade-Level Doors | 1 |
| Zoning | MU-1 - Mixed-Use |
AMENITIES
- Signage
1 1
PROPERTY TAXES
| Parcel Number | 23-1S-22-0000-0001-A24D | Improvements Assessment | $312,171 CAD |
| Land Assessment | $845,249 CAD | Total Assessment | $1,157,419 CAD |
PROPERTY TAXES
Parcel Number
23-1S-22-0000-0001-A24D
Land Assessment
$845,249 CAD
Improvements Assessment
$312,171 CAD
Total Assessment
$1,157,419 CAD
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4567 E Highway 20 - Whistle Express Car Wash
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