Car Wash
Tidal Wave Auto Spa
610 US-31 NW, Hartselle, AL 35640
Listing Price: $6,000,000
Cap Rate
6.00%
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
$100.00
Investment Overview
Marcus and Millichap is pleased to present the exclusive listing for the Tidal Wave Auto Spa located at 610 US-31 NW in Hartselle, AL.
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.
Broker of Record
Listing Price: $6,000,000
Cap Rate
6.00%
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
$100.00
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 610 US-31 NW in Hartselle, AL.
Broker of Record
-
Eddie Greenhalgh
Senior Vice President Investments
