Views: 0 DOM: 34 Updated: 11.28.23 Posted: 11.07.23 Status: Active


Price $4,690,000
Built/Renov 2019
Tenant WhiteWater Express Car Wash
Cap Rate 6.40%
Lease Type Abs NNN
Guarantor Corporate
Size/SF 5,123
Lease Start 11-16-2020
#Units 100
Price/SF $915.48
Expiration 12-31-2040
Tenant Type Automotive
NOI $300,000
R. Term 17.0
Ownership Fee Simple
Rent/SF $58.56
Increases 1.3%/1/yrs
Pop 5Mi 34,463
Lot/AC 1.19
Options 4/5yrs/1.25%
AHHI 5Mi $100,159

Lease Highlights

  • WhiteWater Express Car Wash has 17+ years remaining on 20-year initial lease term with 4 (5-year) options to extend
  • The lease features fixed annual increases of 1.25%
  • Absolute NNN | Zero landlord responsibilities
  • Corporate guaranteed lease

Location Description

WhiteWater Express Car Wash is strategically located along Princeton Drive seeing 31,000 vehicles per day. The site is across from two future shopping centers, Princeton Crossroads (66 acres), and a Market Street grocery-anchored shopping center; co-tenants in the center include Chipotle, 7 Brew, Salad and Go, Club Pilates, UPS, Blaze Pizza, and The Learning Experience. Neighboring...



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About Tenant

WhiteWater Express Car Wash is a high-growth, multi-state operator of express car washes. The chain uses state-of-the-art technology using only half the amount of water as the industry standard,...



  1 Miles 3 Miles 5 Miles
2028 Total Population : 11,877 42,151 54,092
2023 Total Population : 11,108 31,479 41,495
2023 Employed Civilian Pop : 5,912 16,633 21,629
2023 Total Businesses : 116 388 572
2023 Average Household Income : $ 105,045 $ 102,971 $ 107,755
2023 Total Consumer Spending : $ 305 M $ 900 M $ 1255 M
2023 Median Age : 35 36 37
2023 Total Households : 3,366 10,094 13,456
2023 Pop Age 25+: Bachelor's Degree : 1,654 4,369 5,816
2023 Average Home Value : $ 400,663 $ 363,047 $ 395,091
*ESRI data is presented for informational purposes only


Collection Street Cross Street Year Traffic Vol Distance
West Princeton Drive Tickey Dr 2020 32,670 0.64 mi
W Princeton Dr Ticky Dr 2018 31,284 0.64 mi
Co Rd 978 W Princeton Dr 2004 270 0.65 mi
W College Ave Prairie Creek Dr 2009 10 0.72 mi
Simpson Rd Pvt Rd 5096 2009 160 0.98 mi
N 1st St E Gantt St 2009 170 1.06 mi
West Princeton Drive S 3rd St 2021 32,504 1.07 mi
E Princeton Dr S 3rd St 2018 27,023 1.07 mi
E College Ave E Gantt St 2002 390 1.08 mi
Longneck Road Co Rd 461 2019 2,480 1.10 mi

Listing Broker

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