LONG-TERM PASSIVE INVESTMENT: Whistle Express recently executed a brand new 20-Year NNN Lease with 2% annual increases backed
by Express Car Wash, LLC (Corporate Entity with over 150 units under management).
CORPORATE BACKED INVESTMENT: Formerly known as Magnolia Wash Holdings, Whistle Express is the 10th largest car wash operator,
having grown to over 150 locations following a significant growth capital investment from Oaktree Capital Management LP ($172B in AUM).
HIGH BARRIERS TO ENTRY & AUTOMOTIVE SYNERGIES: Limited opportunities for new express car wash or automotive use developments.
Close proximity to 6 dealerships and automotive service centers.
BONUS & ACCELERATED DEPRECIATION: Express car washes qualify for 15-Year Accelerated Depreciation as well as Bonus Depreciation.
Consulting your accountant or tax attorney is advised.
CLEVELAND HEIGHTS SUBMARKET: Densely populated & highly affluent market with 1.7% submarket vacancy (general retail). 17,429 population
in a 1-Mile Radius with an average Household Income of $77,576.