Tidal Wave Auto Spa
Special Purpose | 6.75% CAP | 3,250 SqFt
Marketing description
Surmount is pleased to present the exclusive listing for a Tidal Wave Auto Spa located at 2545 Perryton Pkwy, Pampa, TX 79065. The site consists of roughly 3,250 rentable square feet of building space on an estimated 1.01-acre parcel of land. This Tidal Wave Auto Spa is subject to a 20-year Triple Net (NNN) lease, which commenced 12/29/2023. The annual rent will be $360,000 and has scheduled increases of 2.00% annually.
Investment highlights
Strong Corporate Guarantee | The lease features a strong corporate guarantee from Tidal Wave Auto Spa’s corporate entity, New Potato Creek Holdings, LLC, providing investors with strong credit support. Tidal Wave Auto Spa expansive footprint of 300+ locations nationwide highlights the company’s proven operational success and reinforces the long-term stability of this investment.
Outparcel to Big Box Retail \ The subject property benefits from being an outparcel to major national retailers including Hobby Lobby, Tractor Supply Co., and Ollie’s Bargain Outlet, providing exceptional visibility and strong cross-shopping traffic from established anchors that drive consistent daily customer activity.
Qualifies for 100% Bonus Depreciation | This property offers 100% bonus depreciation, offering notable tax advantages in the early years of ownership. This form of depreciation enhances after-tax cash flow and adds to overall investment returns, making this property ideal for investors looking for tax treatment on real estate holdings. Surmount is not a tax advisor. Please consult your own tax professional.
Proximity to Pampa Regional Medical Center | The subject property is situated just 0.5 miles from Pampa Regional Medical Center, a 115- bed acute care hospital serving as the primary healthcare provider for the region, driving consistent daytime traffic and supporting strong demand from medical professionals, patients, and visitors.
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