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Niceville, FL - Whistle Express Car Wash

$5,280,000

4567 Fl 20, Choctaw Beach, FL 32578

Active
Last Updated: 10/06/2025

5.75

Cap Rate

303,622

NOI

Details:
Cap Rate:    5.75%
NOI:    $303,622
Building Size:    5,376 sqft
Lot Area:    1.02 acres
Year Built:    2006
Zoning:    MU1: Mixed-Use
Year Last Renovated:    2025
Description:

• Whistle Express Car Wash Corporate guaranteed lease
• Over 17 years remaining with 4 (5-year) option periods to extend
• The lease features 2% annual rental increases beginning in 2029

• The subject property is located among other national/credit tenants such as McDonald’s, Taco Bell, CVS Pharmacy, Wells Fargo, and more
• The asset is strategically located along State Highway 20 with frontage visibility and direct access to SH-293, benefiting from a combined average traffic count of 45,100 vehicles per day
• The 2 major commuter routes make this an ideal, centralized location
• Whistle Express Car Wash is ideally situated adjacent to Bluewater Bay, a 77,000+ square-foot mixed-use neighborhood center anchored by Winn-Dixie
• Strong tenant synergy promotes crossover shopping to the subject property

Map:
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