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5011 Ramsey St - Whistle Express 1,400 SF Specialty Building Offered at $5,934,091 CAD at a 6% Cap Rate in Fayetteville, NC 28311
Investment Highlights
- Absolute Triple-Net (NNN) Lease | Zero Landlord Responsibilities
- 1.50% Rental Increases Annually | Next Rent Bump Occurring In December 2026 | Immediate Upside
- Original 20-Year Lease | Approximately Sixteen (16) Years Remaining | Four, Five-Year Options Remaining
- Eligible For 100% Bonus Depreciation | Consult A Qualified Tax Professional Or Advisor For Additional Information
Executive Summary
Surmount is pleased to present the exclusive listing for a Whistle Express located at 5011 Ramsey Street, Fayetteville, NC 28311. The site consists of roughly 4,253 rentable square feet of building space on an estimated 1.15-acre parcel of land. This Whistle Express is subject to a 20-year Triple Net (NNN) lease, which commenced 12/20/2021. The current annual rent is $257,028 and has scheduled increases of 1.50% annually.
Property Facts
| Price | $5,934,091 CAD | Building Class | B |
| Price Per SF | $4,238.64 CAD | Lot Size | 0.67 AC |
| Sale Type | Investment | Building Size | 1,400 SF |
| Cap Rate | 6% | No. Stories | 1 |
| Property Type | Specialty | Year Built | 1995 |
| Property Subtype | Car Wash | Cross Streets | Stacey Weaver Dr |
| Zoning | LC | ||
| Price | $5,934,091 CAD |
| Price Per SF | $4,238.64 CAD |
| Sale Type | Investment |
| Cap Rate | 6% |
| Property Type | Specialty |
| Property Subtype | Car Wash |
| Building Class | B |
| Lot Size | 0.67 AC |
| Building Size | 1,400 SF |
| No. Stories | 1 |
| Year Built | 1995 |
| Cross Streets | Stacey Weaver Dr |
| Zoning | LC |
Amenities
- Signage
Fairly walkable
40/100
Exceptionally drivable
100/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 0530-61-0707 | Improvements Assessment | $541,872 CAD |
| Land Assessment | $802,373 CAD | Total Assessment | $1,344,245 CAD |
Property Taxes
Parcel Number
0530-61-0707
Land Assessment
$802,373 CAD
Improvements Assessment
$541,872 CAD
Total Assessment
$1,344,245 CAD
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5011 Ramsey St - Whistle Express
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