

Tsunami Car Wash
Retail | 7.00% CAP | 4,900 SqFt
Investment highlights
Bonus Depreciation | This property offers 100% Bonus depreciation, offering notable tax advantages in the early years on 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.
Institutionally Backed | In 2021, Tsunami Express was purchased by Private Equity firm P72 Hyperscale. P72 Hyperscale is a private equity strategy that uses applied AI to build and modernize market-leading companies. P72 Hyperscale is part of the larger Point72, the private equity firm with ~$30 billion AUM. The partnership has enabled Tsunami to expand its geographic presence and leverage data and modern analytics to enhance pricing models, marketing systems, on-site conversion and customer retention rates through development of proprietary technology and algorithms to support operations. This technology has proven highly effective and continues to be a primary source of investment.
Corporate Guarantee from Tsunami Express | (70+ Units) | The lease will be subject to a corporate guarantee from Tsunami Express. Tsunami recently closed the acquisition of 53 Take 5 Car Wash locations from Whistle Express, marking a major step forward in Tsunami’s Midwest expansion strategy. With this acquisition, Tsunami Express expands its operations to 74 locations across 9 states.
20-Year Absolute Triple-Net (NNN) Lease | At closing the tenant will execute a brand-new 20-year absolute triple net lease. The lease will have zero landlord responsibilities. The lease will feature scheduled increases of 2.00% annually, providing a hedge against inflation.
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