
Exceptional passive investment opportunity featuring a Whistle Express Car Wash in Lake City, FL, positioned along a highly visible corridor with traffic counts exceeding 19,000 vehicles per day. The property is leased on an Absolute NNN basis, requiring no landlord maintenance responsibilities, with approximately 13 years remaining on the initial lease term. The lease is backed by a corporate guaranty from Whistle Express and includes 1.75% annual rent increases. Following its acquisition of Ta...Exceptional passive investment opportunity featuring a Whistle Express Car Wash in Lake City, FL, positioned along a highly visible corridor with traffic counts exceeding 19,000 vehicles per day. The property is leased on an Absolute NNN basis, requiring no landlord maintenance responsibilities, with approximately 13 years remaining on the initial lease term. The lease is backed by a corporate guaranty from Whistle Express and includes 1.75% annual rent increases. Following its acquisition of Take 5 Car Wash, Whistle Express operates the nations largest express car wash platform and is backed by Oaktree Capital Management, a global investment manager with more than $200 billion in assets under management. The property may offer substantial tax advantages through accelerated depreciation. Contact the listing broker for additional information.
View MoreCourtesy of
Agency Name: Berlin Group
Agent Name: Benedict Gutierrez
Agency Phone: 305-281-8087
Presented by
Agency Title: The Keyes Company
Agency Phone:
Request Info
Send an email with a link to
345 W Duval Street , Lake City, FL 32055.
Email 345 W Duval Street , Lake City, FL 32055
Thank you for your inquiry! As a thank you, we have a Special Mortgage Offer for You.
We would like to provide you a free, no-obligation, home loan pre-approval review.
If the email address was found in our system, your password has been sent. Please check your inbox.
Back to Login