Whistle Express Car Wash | Myrtle Beach, SC — Sale in Myrtle Beach, SC

  • Price: $7.7M
  • Listing type: For sale
  • Asset type: Business
  • Location: Myrtle Beach, SC 29575

Description

6.34% CAP | Absolute NNN | 17.5+ Yr Lease Term 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.

Market Context

This commercial property in Myrtle Beach, SC is listed for sale at $7,700,000. It has been on the market for 113 days. Compare it against other commercial property listings for sale in Myrtle Beach, SC — view the full market.

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