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Miscellaneous

Tidal Wave Auto Spa

1121 US-19, Holiday, FL 34691

Listing Price: $5,500,000

Cap Rate
5.75%
Tenant Name
Tidal Wave Auto Spa
Years Remaining On Lease
19.9
Guarantor
Corporate Guarantee
Rentable SF
3,600
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$87.85

Investment Overview

Marcus and Millichap is pleased to present the exclusive listing for the Tidal Wave Auto Spa located at 1121 US-19 in Holiday, FL.

Investment Highlights

  • 20-Year Triple-Net (NNN) Lease: At closing the tenant will execute a brand new 20-year absolute triple-net (NNN) lease. The lease will have no landlord responsibilities.
  • Corporate Guaranty: The lease will carry a corporate guaranty from Tidal Wave Auto Spa.
  • Attractive Rental Increases: The lease will feature 2.00% annual rental increases that will continue through the base term and into the five, five-year tenant renewal option periods.

Exclusively Listed By

  • Glen D. Kunofsky

    Licensed Associate Real Estate Broker

    (212) 430-5115

    Email Glen

    License(s): NY: 10301203289, NY: 109940808

    Manhattan

Broker of Record

  • Ryan Nee

    Senior Vice President/ Division Manager

    (954) 245-3400

    License(s) FL: BK3154667

    Florida

Miscellaneous

Tidal Wave Auto Spa

Listing Price: $5,500,000

Cap Rate
5.75%
Tenant Name
Tidal Wave Auto Spa
Years Remaining On Lease
19.9
Guarantor
Corporate Guarantee
Rentable SF
3,600
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$87.85

Investment Highlights

  • 20-Year Triple-Net (NNN) Lease: At closing the tenant will execute a brand new 20-year absolute triple-net (NNN) lease. The lease will have no landlord responsibilities.
  • Corporate Guaranty: The lease will carry a corporate guaranty from Tidal Wave Auto Spa.
  • Attractive Rental Increases: The lease will feature 2.00% annual rental increases that will continue through the base term and into the five, five-year tenant renewal option periods.

Investment Overview

Marcus and Millichap is pleased to present the exclusive listing for the Tidal Wave Auto Spa located at 1121 US-19 in Holiday, FL.

Exclusively Listed By

  • Glen D. Kunofsky

    Licensed Associate Real Estate Broker

    (212) 430-5115

    Email Glen

    License(s): NY: 10301203289, NY: 109940808

    Manhattan

Broker of Record

  • Ryan Nee

    Senior Vice President/ Division Manager

    (954) 245-3400

    License(s): FL: BK3154667

    Florida

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