Exceptional passive investment opportunity featuring a Whistle Express Car Wash in Lake City, FL, positioned along a highly visible corridor with traffic counts exceeding 19,000 vehicles per day. The property is leased on an Absolute NNN basis, requiring no landlord maintenance responsibilities, with approximately 13 years remaining on the initial lease term. The lease is backed by a corporate guaranty from Whistle Express and includes 1.75% annual rent increases. Following its acquisition of Take 5 Car Wash, Whistle Express operates the nation’s largest express car wash platform and is backed by Oaktree Capital Management, a global investment manager with more than $200 billion in assets under management. The property may offer substantial tax advantages through accelerated depreciation. Contact the listing broker for additional information.
Listing courtesy of Berlin Group.
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