62 Moore Dr Southaven, MS 38671

This exceptional investment opportunity presents a 2,053 square foot Take 5 Car Wash located at 62 Moore Dr, Southaven, MS 38671. The property sits on a 0.93-acre lot and boasts a strong 6.75% cap rate, generating a net operating income (NOI) of $242,747. Built in 2010, the car wash operates under a 20.1-year triple net (NNN) lease, with 14.8 years remaining. The lease commenced August 14, 2019, and expires August 31, 2039, featuring attractive 1.75% annual rental increases. The lease is further secured by a corporate guarantee from an international car wash group, eliminating landlord responsibilities. The asking price is $3,596,252, translating to a price per square foot of $1,751.71. The property enjoys 100% occupancy, making it an ideal, low-maintenance investment with significant long-term potential. This is a single-tenant property with a proven track record and a secure financial structure. The property's location in Southaven, Mississippi, adds to its appeal. This is a rare opportunity to acquire a high-performing, passively managed asset with substantial upside.