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Miscellaneous

Tidal Wave Auto Spa

391 Asheville Hwy 64, Brevard, NC 28712

Listing Price: $6,000,000

Cap Rate
5.50%
Tenant Name
Tidal Wave Auto Spa
Years Remaining On Lease
19.9
Guarantor
Corporate Guarantee
Rentable SF
4,307
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$76.62

Investment Overview

Marcus and Millichap is pleased to present the exclusive listing for the Tidal Wave Auto Spa located at 391 Asheville Highway in Brevard, NC.

Investment Highlights

  • A 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

  • Benjamin Yelm

    Vice President/Regional Manager

    (704) 831-4600

    License(s) NC: 303785

    North Carolina

Miscellaneous

Tidal Wave Auto Spa

Listing Price: $6,000,000

Cap Rate
5.50%
Tenant Name
Tidal Wave Auto Spa
Years Remaining On Lease
19.9
Guarantor
Corporate Guarantee
Rentable SF
4,307
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$76.62

Investment Highlights

  • A 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 391 Asheville Highway in Brevard, NC.

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

  • Benjamin Yelm

    Vice President/Regional Manager

    (704) 831-4600

    License(s): NC: 303785

    North Carolina

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