Listed by SURMOUNT
$4,629,630
Tidal Wave Auto Spa
Details
Property Type Special Purpose
Sub Type Car Wash
Square Footage 3,600
Cap Rate 6.75%
NOI $312,500
Occupancy 100%
Lease Type NNN
Lease Term 20
Remaining Term 20
Price per SqFt $1,286
Year Built 2023
Buildings 1
Stories 1
Acreage 1.000
Special Purpose | 6.75% CAP | 3,600 SF
Investment highlights
✓ 20-Year Triple-Net (NNN) Lease: At closing the tenant will execute a brand new 20-year absolute triple-net (NNN) lease. The lease will have no landlord responsibilities.
✓ Corporate Guaranty: The lease will carry a corporate guaranty from New Potato Creek Holdings, the corporate entity for Tidal Wave Auto Spa.
✓ Attractive Rental Increases: The lease will feature 2.00% annual rental increases that will continue through the base term and into the five, five-year tenant renewal option periods.
✓ Potential Tax Benefits: Qualifies for 80% Bonus Depreciation (please consult your CPA).
Listing Contacts
Listed by SURMOUNT
Valuation Calculator
Login or Sign up to see Valuation Metrics
Sign up for Crexi to see valuation metrics for this property
Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$312,500.00
$26,041.67/mo
Valuation Metrics
0
DSCR
6.75%
Cap Rate
6.75%
ROI
Broker Selected Comps View More Comps
Property History
Tax History
Similar Properties
Additional Information
Name
License
Title
Is there information that looks off?
