Whistle Express – Panama City, FL

Tenancy: Whistle Express
Building Size: 5,909 SF
Renewal Options: Five 5-Year
Lease Expiration: 4/17/2044
Rental Increases: 2.00% Annual

• Whistle Express Car Wash:
∘ Corporately guaranteed lease by Whistle Express
∘ Absolute NNN Lease with zero landlord responsibilities
∘ 18.5-years remaining on initial lease term with four 5-year options
∘ 2.00% annual increases during primary term and options
» Upcoming increase in April 2026
• About Whistle Express Car Wash:
∘ 480 locations across 23 states
∘ Private equity backed by Oaktree Capital Management, with $209B+ AUM
∘ Recently Acquired Take 5 Car Wash, tripling the brand’s footprint (Link to Article)
∘ Expanding Rapidly through Acquisition & Greenfield Development
• Sale Includes the Car Wash Equipment: Providing a unique opportunity for additional
depreciation