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Miscellaneous

Tidal Wave Auto Spa

3274 Dauphin St, Mobile, AL 36606

Listing Price: $6,000,000

Cap Rate
5.50%
Tenant Name
Tidal Wave Auto Spa
Years Remaining On Lease
19.7
Guarantor
Corporate Guarantee
Rentable SF
3,600
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$91.67

Investment Overview

Marcus and Millichap is pleased to present the exclusive listing for the Tidal Wave Auto Spa located at 3274 Dauphin St in Mobile, AL.

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.

Broker of Record

  • Eddie Greenhalgh

    Senior Vice President Investments

    (205) 510-9200

    License(s) AL: 0000882980

    Alabama

Miscellaneous

Tidal Wave Auto Spa

Listing Price: $6,000,000

Cap Rate
5.50%
Tenant Name
Tidal Wave Auto Spa
Years Remaining On Lease
19.7
Guarantor
Corporate Guarantee
Rentable SF
3,600
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$91.67

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 3274 Dauphin St in Mobile, AL.

Broker of Record

  • Eddie Greenhalgh

    Senior Vice President Investments

    (205) 510-9200

    License(s): AL: 0000882980

    Alabama

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