Whistle Express Car Wash

258 Sea Island Parkway, Beaufort, SC 29907

$6,377,000

Cap Rate 6.75%

Updated: 04.08.24 Posted: 11.16.23 Status: Sold

Summary

Price $6,377,000	Built/Renov 2023	Tenant Whistle Express Car Wash
Cap Rate 6.75%	Lease Type Abs NNN	Guarantor Corporate
Size/SF 2,800	Lease Start 09-01-2023	#Units 90
Price/SF $2,277.50	Expiration 09-30-2043	Tenant Type Automotive
NOI $430,000	R. Term 18.4	Ownership Fee Simple
Rent/SF $153.57	Increases 2.0%/1/yrs	Pop 5Mi 33,677
Lot/AC 1.63	Options 4/4yrs/2%	AHHI 5Mi $98,832

Lease Highlights

Brand new 2023 construction
Whistle Express Car Wash recently signed a brand new 20-year lease with 4 (5-year) options to extend
Lease features 2% annual rental increases
Absolute NNN | Zero landlord responsibilities
Corporate guaranteed lease

Location Description

Whistle Express Car Wash is conveniently located, with excellent access and visibility, along Sea Island Parkway/Highway 21 which boasts 39,400+ vehicles passing by daily. The property benefits from its position as an outparcel to a new construction Walmart Supercenter. Other nearby national tenants include Jersey Mike’s, Murphy USA, Verizon, Beverage Warehouse, Regions Bank, Sonic, and more,...

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Key Features

Major thoroughfare
Dense retail corridor
Near major nationals
Strategically located
Dense 100M+ pop 5 mi
Top 100 MSA
Absolute NNN
Traded and rated company
Corporate Guarantee
Investment grade tenant

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Links

Whistle Express Car Wash Wikipedia Beaufort, South Carolina Zip Code 29907 Broker Site Page

Maps

Local Information

1 Mile
3 Miles
5 Miles

Tenant

Tenant: Whistle Express Car Wash
Guarantor:Corporate
Company:Magnolia Wash Holdings
# Units:90
Stock:Private

About Tenant

Whistle Express Car Wash is an American car wash chain. They offer a variety of car wash and detailing services utilizing tunnel-based systems. The private company was established in 2014 and is a...

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Demographics

	1 Miles	3 Miles	5 Miles
2028 Total Population :	764	8,491	33,788
2023 Total Population :	735	8,432	33,763
2023 Employed Civilian Pop :	256	3,111	13,275
2023 Total Businesses :	89	605	1,488
2023 Average Household Income :	$ 132,950	$ 111,216	$ 99,025
2023 Total Consumer Spending :	$ 39 M	$ 332 M	$ 1204 M
2023 Median Age :	47	45	39
2023 Total Households :	345	3,477	13,988
2023 Pop Age 25+: Bachelor's Degree :	152	1,394	4,761
2023 Average Home Value :	$ 836,140	$ 603,170	$ 449,859

*ESRI data is presented for informational purposes only

Traffic

Collection Street	Cross Street	Year	Traffic Vol	Distance
Sea Island Parkway	Dow Rd	2022	22,500	0.78 mi
Sea Island Parkway	Ferry Rd	2021	22,200	0.78 mi
Sams Point Way	Robin Dr	2022	2,600	0.92 mi
Sams Point Road	Mayfair Ct	2022	21,800	1.00 mi
Shorts Landing Road	Knight Ln	2022	1,250	1.09 mi
Miller Drive West	Jasmine Ct	2022	1,150	1.14 mi
Sea Island Parkway	Warsaw Island Rd	2021	19,400	1.29 mi
Ladys Island Drive	Rue du Bois	2021	23,900	1.31 mi
Ladys Island Drive	Dore Dr	2022	24,200	1.31 mi
Youmans Drive	Sangster Rd	2021	1,250	1.32 mi

Listing Broker

Calvin Short

Berkeley Capital Advisors

Contact

187 Listings
51488 Views
61 Sold

Aron Cline

Berkeley Capital Advisors

Contact

177 Listings
49383 Views
59 Sold

Calvin Short

Calvin Short joined Berkeley Capital Advisors in 2021 and leads the West Coast capital markets group. Since joining Berkeley, Calvin has been a part of closing 1,400 separate transactions with $4 billion in sales volume. Prior to Berkeley, Calvin served as Senior Vice President at Matthews REIS where he was consistently ranked within Matthews’ top five producing agents. In 2012, he graduated from The University of San Diego with a B.A. in Real Estate Finance. Calvin has spent the past 10 years

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Aron Cline

Specializing in Single Tenant Net Lease and Shopping Centers, Aron Cline leads Berkeley Capital Advisors’ West Coast Office. Since 2011, Aron has been actively engaged in the commercial real estate space. Over the last decade, he and his team have been regarded as one of the most active brokerage teams in the country - having brokered over 1,300 transactions totaling $3.5 billion. His dedication and success have earned him the trust of some of the country’s top institutions, developers, high ne

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