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
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
Car Wash
Whistle Express Car Wash | 23+ Year Absolute Net Lease | 100% Bonus Depreciation Eligible
Listing Price: $1,820,000
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