Denton, TX - Whistle Express Car Wash

Description:

SRS National Net Lease is pleased to offer the opportunity to acquire the fee simple interest (land & building ownership) in an absolute NNN leased, Whistle Express Car Wash investment property located in Denton, Texas. The tenant, Whistle Express Car Wash, has over 23 years of lease term remaining with 4 (5-year) options to extend, demonstrating their commitment to the site. The lease features 1.90% annual rental increases throughout the initial term beginning in 2030 and throughout each option period, steadily growing NOI and hedging against inflation. The lease is absolute NNN with zero landlord responsibilities making it an ideal, management free investment opportunity for a passive investor. The property may qualify for bonus depreciation, consult with a tax advisor.

The Whistle Express Car Wash is located at the signalized, hard corner intersection of W University Dr and Gay Dr which combine to average over 21,800 vehicles passing by daily. W University Dr is the major retail thoroughfare serving the city of Denton. The subject property is located less than a mile from Rayzor Ranch Marketplace, a Academy anchored shopping center with other national/credit tenants including Ross, Burlington, Ulta, Marshalls, Petco, Chick-fil-A, Whataburger, and many others. In addition, the asset is near Rayzor Ranch Town Center, with major tenants including Target, DICK’S, WinCo Foods, At Home, Raising Cane’s, Portillo’s, and others. The property is in the center of a primary retail corridor with other nearby national/credit tenants including a Walmart Supercenter, Sam’s Club, The Home Depot, Kroger, Dutch Bros, and more, further increasing consumer traffic to the site. The subject property is less than 2 miles from the University of North Texas (43,000+ students). The 5-mile trade area is supported by a population of over 124,900 residents and 57,200 employees with an average household income of $89,844.

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Listing ID: a28TP000002OAGPYA4