Listed by Bang Realty
$6,000,000
Tidal Wave Auto Spa
Details
Property Type Special Purpose
Sub Type Car Wash
Square Footage 3,600
Cap Rate 6.75%
NOI $405,000
Tenancy Single
Lease Type NNN
Year Built 2024
Acreage 2.770
Tenant Credit Corporate Guarantee
Ground Lease No
About This Property
Marketing description
Bang Realty is pleased to present the exclusive listing for a Tidal Wave Auto Spa located at 300 N Overland Ave, Burley, ID. The site consists of roughly 3,600 rentable square feet of building space on an estimated 2.77-acre parcel of land. Tidal Wave Auto Spa is subject to a 20-year Triple Net (NNN) lease which will commence upon close of escrow. The annual rent will be $405,000 and has scheduled increases of 2.00% Annually.
Investment highlights
- Long-Term 20-Year NNN Lease | Brand new 20-year Triple Net lease with Tidal Wave Auto Spa commencing at close, providing passive long-term income.
- Annual Rent With Built-In Growth | Strong starting rent of $405,000 with 2.00% annual rent increases, offering consistent income growth and inflation protection.
- Expanding National Car Wash Operator | Tidal Wave Auto Spa continues rapid national expansion with a proven membership-based business model.
- Large 2.77-Acre Parcel | Situated on a sizable 2.77-acre site, allowing excellent access, visibility, and operational efficiency.
Listing Contacts
Listed by Bang Realty
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$405,000.00
$33,750.00/mo
Valuation Metrics
0
DSCR
6.75%
Cap Rate
6.75%
ROI
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