Skip to main content

Miscellaneous

Tidal Wave Auto Spa

2 Viewpoint Dr, Alexandria, KY 41001

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
3,896
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$84.70

Investment Overview

Marcus and Millichap is pleased to present the exclusive listing for the Tidal Wave Auto Spa located at 2 Viewpoint Drive in Alexandria, KY.

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

  • Colby Haugness

    First Vice President Investments

    (816) 410-1010

    License(s) KY: 242197

    Kentucky

Financing By

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
3,896
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$84.70

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 2 Viewpoint Drive in Alexandria, KY.

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

  • Colby Haugness

    First Vice President Investments

    (816) 410-1010

    License(s): KY: 242197

    Kentucky

Financing By

MM Texture Background
MM Textured Background Lower