345 W Duval Street

Description:

The subject property is a Whistle Express Car Wash in Lake City, FL benefiting from over 19,000 cars per day. The property is leased on an Absolute NNN basis with about 13 years remaining, guaranteed by Whistle Express, which recently acquired Take 5 Car Wash to form the nation’s largest express wash operator.

Backed by Oaktree Capital Management (over $200 billion in assets under management), the tenant offers strong financial backing and long-term stability. The lease features 1.75% annual rent increases and four (4) renewal options, and the investment is eligible for accelerated depreciation, resulting in a fully passive and tax-efficient ownership opportunity.

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Listing ID: A11955052