Memphis, TN - Whistle Express Car Wash

Description:

SRS National Net Lease is pleased to offer the opportunity to acquire the fee simple interest in the Whistle Express Car Wash located at 1675 Union Avenue in Memphis, Tennessee. The property occupies approximately 0.68 acres and includes a 3,848-square-foot car wash facility. It is leased to Whistle Express Car Wash under an absolute NNN lease and is backed by a corporate guaranty from Express Wash Intermediate, LLC. More than 23 years remain on the lease, which expires December 31, 2049, and includes four five-year options to extend.

The property fronts Union Avenue, which carries approximately 28,000 vehicles per day, and is located about three miles from Downtown Memphis. The surrounding area features a mix of retail, medical, educational, and entertainment destinations. Nearby institutions include Methodist University Hospital, Le Bonheur Children’s Hospital, and Regional One Health, while Crosstown Concourse, Playhouse on the Square, and Central High School contribute to the area’s diverse activity. Retailers and service businesses in the surrounding trade area include Kroger, Walgreens, AutoZone, Aldi, Firestone, and Gordon Food Service.

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Listing ID: a28TP000003fSTHYA2