Investment Overview

Marcus & Millichap is proud to exclusively present the Tidal Wave Auto Spa in Orangeburg, SC. Located at 2790 North Rd, this newly constructed car wash, completed in 2023, sits on 2.15 acres along one of the town’s busiest thoroughfares, boasting traffic counts of 28,627 vehicles per day (VPD). This high-visibility location is ideally positioned in a growing market and poised for long term success. With a corporate-guaranteed absolute NNN lease in place, investors can benefit from a highly stable, low-risk income stream. The lease has 18 years remaining on the initial term, plus a five (5), five-year options to renew. The net operating income (NOI) of $375,544, along with 2% annual rent increases, provides an attractive 8.01% average cap rate over the initial lease term, making this property a secure and lucrative long-term investment opportunity. Orangeburg, known for its strategic location along major highways like I-26, is experiencing steady economic growth, particularly in the industrial and commercial real estate sectors. The city’s population is steadily growing, with over 85,000 residents in the metro area, making it a regional hub for business and commerce in central South Carolina. Orangeburg’s pro-business atmosphere and easy access to larger cities like Columbia and Charleston make it a favorable location for continued growth. Tidal Wave Auto Spa operates 282 locations across 29 states and continues to expand rapidly as one of the leading car wash operators in the U.S. Known for its commitment to superior customer service and environmental sustainability. This Tidal Wave Auto Spa property presents a rare opportunity to invest in a growing market with strong tenant and market fundamentals, making it an ideal addition to any investment portfolio.