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Tsunami Express Car Wash 6485 US Highway 6

4,350 SF Retail Building Portage, IN 46368 $5,400,000 ($1,241/SF) 6.75% Cap Rate

Investment Highlights

  • 20-Year Absolute Triple Net (NNN) Lease
  • Corporate Guarantee
  • Attractive Rent Increases | The lease will feature scheduled increases of 2.00% annually, providing a hedge against inflation.

Executive Summary

NNN Pro is pleased to present the exclusive listing for a Tsunami Express Car Wash located at 6485 US Hwy 6, Portage, IN 46368. The site consists of roughly 4,900 rentable square feet of building space on an estimated 2-acre parcel of land. This Tsunami Express Car Wash is subject to a 20-year Triple Net (NNN) lease which will commence upon close of escrow. The annual rent will

Property Facts

Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Freestanding
Building Size
4,350 SF
Building Class
B
Year Built
2025
Price
$5,400,000
Price Per SF
$1,241
Cap Rate
6.75%
NOI
$364,500
Tenancy
Single
Building Height
1 Story
Building FAR
0.05
Lot Size
1.83 AC
Frontage
334 FT on Us-6 Hwy

Amenities

  • Pylon Sign
  • Signalized Intersection
  • Drive Thru

Nearby Major Retailers

Buffalo Wild Wings
Steak 'n Shake
Applebee's
Texas Roadhouse
Planet Fitness
BMO
Five Guys
Starbucks
Meijer
Schoop's Hamburgers

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
64-05-25-226-001.000-016
Land Assessment
$580,100
Improvements Assessment
$1,013,600
Total Assessment
$1,593,700
  • Listing ID: 34383452

  • Date on Market: 1/6/2025

  • Last Updated:

  • Address: 6485 US Highway 6, Portage, IN 46368

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