2505 SE Adams Blvd, Bartlesville, OK 74006 For Sale

20-YR, CORPORATE ABS. NNN LEASE WITH 2% INCREASES
Tidal Wave Auto Spa is operating under a 20-year absolute NNN lease, leaving minimal responsibilities to the Landlord. More than 18 years remain in the primary term, and the five, five-year options extend into 2068. The lease provides the Landlord 2.00% annual rent increases, creating passive income with a built-in hedge against inflation for the Landlord.

STRONG OPERATOR WITH 300+ LOCATIONS & GROWING
Tidal Wave Auto Spa is a privately held conveyor car wash company founded in 1999. The company has expanded significantly, operating over 300 locations across 30 states as of 2025. Tidal Wave Auto Spa is recognized as one of the top four conveyor car wash companies in the United States and has been featured on the Inc. 5000 List of America's fastest growing companies since 2020.

72% OF DRIVERS USE CAR WASHING SERVICES
More than 72% of drivers in the U.S. use professional car wash services regularly, with conveyor car washes being the most profitable service. Around 66% of Americans have their cars washed 13x per year, an average of 1-2 washes per month. The car wash service market in the U.S. is expected to grow at a CAGR of 6.1% from 2024 to 2030, reaching a $12.5 billion market size by 2032. (Sources: grandviewresearch.com & gminsights.com)

ELIGIBLE FOR ACCELERATED DEPRECIATION & BONUS DEPRECIATION
Car wash properties are eligible for accelerated depreciation and bonus depreciation in 2025. Interested purchasers must consult a tax professional for more information.

POSITIONED IN LOWE'S-ANCHORED SHOPPING CENTER
Tidal Wave Auto Spa is located in the Lowe's-anchored Silver Lake Village Shopping Center. This is the only Lowe's in Bartlesville, and it experienced 797K visits in the last year (Placer.ai). The property is centrally located – less than 1 mile west of U.S. Highway 75 (SE Washington Blvd), 2 miles east of the central business district and 2 miles north of Oklahoma Wesleyan University.

SIGNALIZED CORNER WITH U.S. HWY 60 FRONTAGE
The Property was constructed as a build-to-suit for Tidal Wave in 2024 and benefits from being positioned on a signalized corner with frontage along SE Adams Boulevard/U.S. Highway 60, which experiences 14,600+ vehicles per day. The Property is 2 minutes from U.S. Highway 75, which connects the city to Tulsa to the south.