- For Sale $7,700,000
- Property Type Retail
- Property Size 3,405 SF
- Lot Size 1.74 Acre
- Cap Rate % 6.34
- NOI / YR $488,516.00
- Date Updated Apr 1, 2026
- Visibility/Traffic Count (VPD) 42,463
Description
LONG-TERM ABSOLUTE TRIPLE NET (NNN) LEASE
The property is subject to an Absolute Triple Net (NNN) lease with Whistle Express Car Wash, which has over 17 years of lease term remaining and zero landlord responsibilities. The tenant is responsible for all management obligations at the property, including property taxes, insurance, and all repairs & maintenance at the property, including the roof & structure. Additionally, there are 2% annual rental increases built into the lease, providing the owner with positive rent growth and a hedge against inflation.
LOCATED IN DOMINANT RETAIL CORRIDOR
The subject property benefits from its positioning within a strong retail area, with several nearby shopping centers and major national retailers. These include Surfside Commons Shopping Mall, anchored by Walmart Supercenter, and a major power center across the highway, which features prominent retailers such as Lowe’s, Kohl’s, Ross Dress for Less, PetSmart, Office Depot, and more. Other national retailers in the vicinity include Target, Marshalls, ALDI, 7-Eleven, Dollar Tree, and more.
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Contacts
CBRE
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