Whistle Express Car Wash

Net Lease

3500 N Nebo Rd, Muncie, Indiana

Ownership Type:

Fee Simple

Price:

$3,891,466

Cap Rate:

6.00%

Current Rent:

$233,488

Tenancy:

Single Tenant

Lease Type:

Triple Net

Landlord Responsibilities:

None

Lease Expiration Date::

Approx. 17.4 years

Renewal Options:

4, 5 Year Options

Building Sq. Ft.:

6,269 SF

Rent Increases:

2% annually beginning in 2029

Site Size:

1.46 Acres

Investment Highlights

Long Term Absolute NNN: Over 17 years remaining on the lease, with the tenant responsible for all taxes, insurance, and CAM, resulting in zero landlord management obligations
Strong Corporate Guarantee: Lease guaranteed by Whistle Express with over 530 system wide locations
Prime Location: Positioned directly off of W McGalliard Road, a high-traffic thoroughfare, with visibility to over 23,000 vehicles per day
Dense Retail Corridor: Other nearby national tenants include Toyota, Discount Tire, Dollar Tree, Kia, and more
Bonus Depreciation: The One Big Beautiful Bill Act permanently restored 100% accelerated bonus depreciation

Access Offering Memorandum

Ownership Type:

Fee Simple

Price:

$3,891,466

Cap Rate:

6.00%

Current Rent:

$233,488

Lease Type:

Triple Net

Landlord Responsibilities:

None

Lease Expiration Date::

Approx. 17.4 years

Renewal Options:

4, 5 Year Options

Building Sq. Ft.:

6,269 SF

Rent Increases:

2% annually beginning in 2029

Site Size:

1.46 Acres

Listing Agents

Connor Shell

Managing Director
407.913.9009[email protected]

Adam English

Managing Director
256.694.9803[email protected]

Jordan Shtulman

Managing Principal
847.226.4133[email protected]

Analyst

Ben Hollis

Analyst
256.595.2574[email protected]

Cooperating Broker: Brian Brockman, License #: IN – RB14037939, Bang Realty, Inc., [email protected]

Download Offering Memorandum

Please enter your first name, last name, email address and phone number in the text boxes. Please also indicate whether you are a Buyer or Broker. Once the form is submitted the offering memorandum will be emailed to you.

Request Due Diligence Access

Please fill out and submit the form below to request access to due diligence for this property. If you agree with the terms of the NDA, please check the "Approve NDA" box and submit. By submitting this form, you agree to the Terms and Conditions of the Confidentiality Agreement.

If you would like to modify the NDA, please download the Word version, make your changes, and attach the revised version to the form or email it to .

Once we receive your NDA, we will contact you with login information.

View/Download NDA in Word format