Miscellaneous
Tidal Wave Auto Spa
1008 18th Ave NW, Austin, MN 55912
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
3,600
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 1008 18th Avenue in Austin, MN.
Tidal Wave Auto Spa
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
Broker of Record
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
3,600
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 1008 18th Avenue in Austin, MN.
Exclusively Listed By
Broker of Record
