Listed by Bang Realty
$6,480,000
Tidal Wave Auto Spa
Details
Property Type Retail, Special Purpose
Sub Type Car Wash
Square Footage 3,500
Cap Rate 6.25%
NOI $405,000
Occupancy 100%
Tenancy Single
Brand/Tenant Tidal Wave Auto Spa
Lease Type NNN
Lease Term 20
Remaining Term 20
Price per SqFt $1,851
Year Built 2023
Acreage 1.270
Investment Type Net Lease
Tenant Credit Corporate Guarantee
Ownership Fee Simple
Retail | 6.25% CAP | 3,500 SqFt
Investment highlights
Strong Site - Level Performance | This Tidal Wave benefits from strong site - level performance since opening ~2 years ago. Please contact the listing team for additional details.
Eligible for Bonus Depreciation | The subject property qualifies for 100% bonus depreciation, providing an investor with significant potential tax advantages during the early years of ownership.
Attractive Annual Rental Increases | Annual rent of $405,000 with 2.00% annual rent increases, providing consistent income growth and inflation protection.
Established National Car Wash Operator | This site has a corporate guarantee from Tidal Wave, the 3rd largest express car wash operator in the country with over 300 units in 30 states.
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
6.25%
Cap Rate
6.25%
ROI
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