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3500 N Nebo Rd - Tsunami Express Car Wash 6,269 SF Specialty Building Offered at $3,740,351 at a 6% Cap Rate in Muncie, IN 47304
Investment Highlights
- Bonus Depreciation
- Priced Below Development Costs
- Lease Guaranteed By Whistle Express & Site Operated By Tsunami Express
- Long-Term Absolute NNN Lease
Executive Summary
3500 N Nebo Road offers a premier net-lease investment opportunity strategically positioned in a high-traffic corridor of North Muncie, Indiana. This newly constructed (2020) Tsunami Express Car Wash is backed by a Whistle Express guarantee, ensuring substantial creditworthiness and operational strength from an established operator within the fast-growing express car wash sector.
The ±6,269 SF facility incorporates modern construction standards and operational technology. With a long-term absolute NNN lease, the investment requires zero landlord responsibility, providing a passive and predictable income stream for investors. The lease terms benefit from inflation-hedged increases and corporate backing.
Positioned on 1.41 acres within the C-2 commercial zone, the site combines superior accessibility with exceptional visibility, capturing strong traffic patterns from nearby arterial routes in a thriving Muncie retail corridor. This investment offers bonus depreciation benefits and an acquisition price below development costs, further enhancing long-term yield and asset value.
The ±6,269 SF facility incorporates modern construction standards and operational technology. With a long-term absolute NNN lease, the investment requires zero landlord responsibility, providing a passive and predictable income stream for investors. The lease terms benefit from inflation-hedged increases and corporate backing.
Positioned on 1.41 acres within the C-2 commercial zone, the site combines superior accessibility with exceptional visibility, capturing strong traffic patterns from nearby arterial routes in a thriving Muncie retail corridor. This investment offers bonus depreciation benefits and an acquisition price below development costs, further enhancing long-term yield and asset value.
Property Facts
| Price | $3,740,351 | Building Class | B |
| Price Per SF | $596.64 | Lot Size | 1.41 AC |
| Sale Type | Investment | Building Size | 6,269 SF |
| Cap Rate | 6% | No. Stories | 1 |
| Property Type | Specialty | Year Built | 2020 |
| Property Subtype | Car Wash | ||
| Zoning | C-2 - Commercial | ||
| Price | $3,740,351 |
| Price Per SF | $596.64 |
| Sale Type | Investment |
| Cap Rate | 6% |
| Property Type | Specialty |
| Property Subtype | Car Wash |
| Building Class | B |
| Lot Size | 1.41 AC |
| Building Size | 6,269 SF |
| No. Stories | 1 |
| Year Built | 2020 |
| Zoning | C-2 - Commercial |
Somewhat walkable
30/100
Exceptionally drivable
90/100
Minimal public transit
10/100
Somewhat bikeable
20/100
Property Taxes
| Parcel Number | 18-06-36-351-010.000-043 | Improvements Assessment | $748,200 |
| Land Assessment | $430,200 | Total Assessment | $1,178,400 |
Property Taxes
Parcel Number
18-06-36-351-010.000-043
Land Assessment
$430,200
Improvements Assessment
$748,200
Total Assessment
$1,178,400
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3500 N Nebo Rd - Tsunami Express Car Wash
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