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Car Wash

Tidal Wave Auto Spa | Bonus Depreciation Opportunity

2745 Powder Springs Rd SW, Marietta, GA 30064

Listing Price: $5,999,000

Cap Rate
6.50%
Tenant Name
New Potato Creek Holdings, LLC
Years Remaining On Lease
16.4
Guarantor
Corporate Guarantee
Rentable SF
3,206
Lease Type
Absolute Net
Rent Per Square Feet
$121.55

Investment Overview

15.5-YEAR ABSOLUTE NET LEASE
Brand-New 20-Year Lease Commenced December 2022 And Structured On An Absolute- NNN Basis; Tenant Responsible For All Operating Expenses, Roof, Structure, And Capital Items

2% ANNUAL RENT INCREASES
Fixed Annual Increases Provide Predictable NOI Growth Throughout The Primary Term And Option Periods

2023 CONSTRUCTION INSTITUTIONAL-QUALITY
Delivered In 2023, The 3,206 SF Purpose-Built Facility Sits On 1.86 Acres With Modern Tunnel Configuration And High-Throughput Design

HIGH-GROWTH ATLANTA MSA LOCATION
Located In Marietta Within Cobb County—Part Of The 6M+ Population Atlanta-Sandy Springs-Roswell MSA

DENSE INFILL TRADE AREA
5-Mile Population Of 151,281 Residents Providing Strong Daytime And Rooftop Density

STRATEGIC CORRIDOR POSITIONING
Positioned Along Powder Springs Road (GA-360), A Primary Retail And Commuter Artery Serving Western Marietta And Powder Springs

Investment Highlights

  • 15.5-YEAR ABSOLUTE NET LEASE
  • 2% ANNUAL RENT INCREASES
  • 2023 CONSTRUCTION INSTITUTIONAL-QUALITY
  • HIGH-GROWTH ATLANTA MSA LOCATION
  • DENSE INFILL TRADE AREA
  • STRATEGIC CORRIDOR POSITIONING

Exclusively Listed By

Broker of Record

  • John Leonard

    Senior Managing Director, Market Leader- Atlanta

    (678) 808-2700

    License(s) GA: 252904

    Georgia

Car Wash

Tidal Wave Auto Spa | Bonus Depreciation Opportunity

Listing Price: $5,999,000

Cap Rate
6.50%
Tenant Name
New Potato Creek Holdings, LLC
Years Remaining On Lease
16.4
Guarantor
Corporate Guarantee
Rentable SF
3,206
Lease Type
Absolute Net
Rent Per Square Feet
$121.55

Investment Highlights

  • 15.5-YEAR ABSOLUTE NET LEASE
  • 2% ANNUAL RENT INCREASES
  • 2023 CONSTRUCTION INSTITUTIONAL-QUALITY
  • HIGH-GROWTH ATLANTA MSA LOCATION
  • DENSE INFILL TRADE AREA
  • STRATEGIC CORRIDOR POSITIONING

Investment Overview

15.5-YEAR ABSOLUTE NET LEASE Brand-New 20-Year Lease Commenced December 2022 And Structured On An Absolute- NNN Basis; Tenant Responsible For All Operating Expenses, Roof, Structure, And Capital Items 2% ANNUAL RENT INCREASES Fixed Annual Increases Provide Predictable NOI Growth Throughout The Primary Term And Option Periods 2023 CONSTRUCTION INSTITUTIONAL-QUALITY Delivered In 2023, The 3,206 SF Purpose-Built Facility Sits On 1.86 Acres With Modern Tunnel Configuration And High-Throughput Design HIGH-GROWTH ATLANTA MSA LOCATION Located In Marietta Within Cobb County—Part Of The 6M+ Population Atlanta-Sandy Springs-Roswell MSA DENSE INFILL TRADE AREA 5-Mile Population Of 151,281 Residents Providing Strong Daytime And Rooftop Density STRATEGIC CORRIDOR POSITIONING Positioned Along Powder Springs Road (GA-360), A Primary Retail And Commuter Artery Serving Western Marietta And Powder Springs

Exclusively Listed By

Broker of Record

  • John Leonard

    Senior Managing Director, Market Leader- Atlanta

    (678) 808-2700

    License(s): GA: 252904

    Georgia

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