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Miscellaneous

Tidal Wave Auto Spa

111 N Main St, Shelbyville, TN 37160

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 111 North Main Street in Shelbyville, TN.

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

  • Jody McKibben

    First Vice President/Regional Manager

    (615) 997-2800

    License(s) TN: 307629

    Tennessee

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
3,600
Lease Type
Triple Net (NNN)
Rent Per Square Feet
$91.67

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 111 North Main Street in Shelbyville, TN.

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

  • Jody McKibben

    First Vice President/Regional Manager

    (615) 997-2800

    License(s): TN: 307629

    Tennessee

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