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Car Wash

Whistle Express Car Wash | 23+ Year Absolute Net Lease | 100% Bonus Depreciation Eligible

8411 Phoenix Ave, Fort Smith, AR 72903

Listing Price: $1,820,000

Cap Rate
6.00%
Tenant Name
Whistle Express Car Wash
Years Remaining On Lease
23.2
Guarantor
Corporate Guarantee
Rentable SF
4,862
Lease Type
Absolute Net
Rent Per Square Feet
$22.44

Investment Overview

Marcus & Millichap has been selected to exclusively market for sale a Whistle Express Car Wash in Fort Smith, Arkansas. The property is secured by a 23+ year absolute net lease with zero landlord responsibilities, guaranteed by Express Wash Intermediate, LLC, a parent entity of Whistle Express, a growing national brand with 450+ locations across 23 states. Whistle Express is majority-owned by funds managed by Oaktree Capital Management, a leading global alternative investment firm with $220B+ in assets under management, which invested in 2023 to accelerate the brand's expansion. The property qualifies for 100% bonus depreciation with approximately $1.5M expected to qualify, providing investors with a significant tax advantage. Located near two signalized intersections with 56,000+ combined VPD and surrounded by Walmart, Lowe's, TJ Maxx, Ross, ALDI, Walgreens, and more, the property benefits from a strong retail trade area with consistent consumer traffic.

Investment Highlights

  • 23+ Year Absolute Net Lease
  • Strong Corporate Guaranty | 450+ Locations
  • 100% Bonus Depreciation | ±$1.5M
  • Strategic, High-Traffic Location | 56,000+ VPD
  • Strong Retail Trade Area
  • Institutional Ownership | Oaktree Capital Management

Exclusively Listed By

Broker of Record

  • Steve Greer

    Senior Director Investments

    (225) 376-6729

    License(s) AR: PB00098133

    Arkansas

Car Wash

Whistle Express Car Wash | 23+ Year Absolute Net Lease | 100% Bonus Depreciation Eligible

Listing Price: $1,820,000

Cap Rate
6.00%
Tenant Name
Whistle Express Car Wash
Years Remaining On Lease
23.2
Guarantor
Corporate Guarantee
Rentable SF
4,862
Lease Type
Absolute Net
Rent Per Square Feet
$22.44

Investment Highlights

  • 23+ Year Absolute Net Lease
  • Strong Corporate Guaranty | 450+ Locations
  • 100% Bonus Depreciation | ±$1.5M
  • Strategic, High-Traffic Location | 56,000+ VPD
  • Strong Retail Trade Area
  • Institutional Ownership | Oaktree Capital Management

Investment Overview

Marcus & Millichap has been selected to exclusively market for sale a Whistle Express Car Wash in Fort Smith, Arkansas. The property is secured by a 23+ year absolute net lease with zero landlord responsibilities, guaranteed by Express Wash Intermediate, LLC, a parent entity of Whistle Express, a growing national brand with 450+ locations across 23 states. Whistle Express is majority-owned by funds managed by Oaktree Capital Management, a leading global alternative investment firm with $220B+ in assets under management, which invested in 2023 to accelerate the brand's expansion. The property qualifies for 100% bonus depreciation with approximately $1.5M expected to qualify, providing investors with a significant tax advantage. Located near two signalized intersections with 56,000+ combined VPD and surrounded by Walmart, Lowe's, TJ Maxx, Ross, ALDI, Walgreens, and more, the property benefits from a strong retail trade area with consistent consumer traffic.

Exclusively Listed By

Broker of Record

  • Steve Greer

    Senior Director Investments

    (225) 376-6729

    License(s): AR: PB00098133

    Arkansas

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