4865-Tanger-Outlet-Blvd-North-Charleston-SC-17

Whistle Express Car Wash_SC_Charleston OM V2_Page_11

Whistle Express Car Wash_SC_Charleston OM V2_Page_12

Whistle Express Car Wash

5864 Tanger Outlet Blvd, North Charleston, SC 29418

Whistle Express Car Wash

Price $7,274,341
CAP Rate 6.15%
Lease Term 18 Years
Net Operating Income (NOI) $447,372

Property Data

Building Size (SF) 2,800 SF
Land Size (AC) 1.00 AC
Year Built2023

Tenant(s) Whistle Express Car Wash
Guaranty Corporate
Lease Type Abs. NNN

Landlord Responsibilities None
Increases 2.00% Annually

Options 4 x 5
Rent Commencement 9/1/2023
Lease Expiration 8/31/2043

Offering Memorandum

Contact Broker

About Property

STONECLIFF is pleased to present the exclusive listing for a Whistle Express Car Wash located at 4865 Tanger Outlet Blvd, Charleston, SC 29418 . The site consists of roughly 2,800 rentable square feet of retail space on an estimated 1.00-acre parcel of land. This Whistle Express Car Wash is subject to a 18-year Absolute Triple Net (NNN) Lease. The annual rent is $447,372 with scheduled 2.00% increases annually, and continuing through the option periods.

Highlights

Subject Property Qualifies For 100% Bonus Depreciation
2023 Construction, Absolute NNN Lease with Rare 2% Annual Rental Increases
The Tenant has Over 530+ Locations Nationwide
Adjacent to Charleston Conventional Center (150,000+ SF)
Highway Frontage: Located at the intersection of I-26 (106,000 VPD) and I-526 (82,000 VPD)
Less than 10 minutes from Charleston International Airport (4.2M annual passengers)
Site located within the World-Class 1+ Million SF Centre Point Mixed-Use Community