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1008 18th Ave NW - Tidal Wave Auto Spa 3,586 SF Specialty Building Offered at $5,368,420 at a 6.65% Cap Rate in Austin, MN 55912
INVESTMENT HIGHLIGHTS
- 20-YR, CORPORATE ABS. NNN LEASE WITH 2% INCREASES
- 72% OF DRIVERS USE CAR WASHING SERVICES
- WALMART-ANCHORED CORRIDOR NEAR HORMEL HQ
- STRONG OPERATOR WITH 300+ LOCATIONS & GROWING
- ELIGIBLE FOR ACCELERATED DEPRECIATION & BONUS DEPRECIATION
- ONLY CONVEYOR-STYLE CAR WASH IN AUSTIN
PROPERTY FACTS
| Price | $5,368,420 | Building Class | B |
| Price Per SF | $1,497.05 | Lot Size | 1.45 AC |
| Sale Type | Investment | Building Size | 3,586 SF |
| Cap Rate | 6.65% | No. Stories | 1 |
| Property Type | Specialty | Year Built | 2022 |
| Property Subtype | Car Wash |
| Price | $5,368,420 |
| Price Per SF | $1,497.05 |
| Sale Type | Investment |
| Cap Rate | 6.65% |
| Property Type | Specialty |
| Property Subtype | Car Wash |
| Building Class | B |
| Lot Size | 1.45 AC |
| Building Size | 3,586 SF |
| No. Stories | 1 |
| Year Built | 2022 |
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PROPERTY TAXES
| Parcel Number | 34-900-0405 | Improvements Assessment | $1,130,700 |
| Land Assessment | $367,500 | Total Assessment | $1,498,200 |
PROPERTY TAXES
Parcel Number
34-900-0405
Land Assessment
$367,500
Improvements Assessment
$1,130,700
Total Assessment
$1,498,200
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1008 18th Ave NW - Tidal Wave Auto Spa
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