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Tsunami Express Car Wash 515 E Southway Blvd 4,219 SF Retail Building Kokomo, IN 46902 $4,996,268 CAD ($1,184.23 CAD/SF) 6.25% Cap Rate



Investment Highlights
- Over 24 Years Remaining | True Triple Net Lease
- High Traffic Counts
- Bonus Depreciation
- Modern, High-Throughput Car Wash Design
Executive Summary
Surmount is pleased to present the exclusive listing for a Tsunami Express Car Wash located at 515 East Southway Blvd, Kokomo, IN 46908. The site consists of roughly 4,219 rentable square feet of building space on an estimated 0.62-acre parcel of land. The current annual rent is $229,113 and has scheduled increases of 1.90% annually.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Freestanding
Building Size
4,219 SF
Building Class
C
Year Built
2022
Price
$4,996,268 CAD
Price Per SF
$1,184.23 CAD
Cap Rate
6.25%
NOI
$312,267 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.16
Lot Size
0.62 AC
Frontage
Amenities
- Pylon Sign
- Signage
Nearby Major Retailers
1 of 4
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Tsunami Express Car Wash | 515 E Southway Blvd
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