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1411 W Wilson St - Tidal Wave Auto Spa 4,400 SF Specialty Building Offered at $5,555,556 at a 6.75% Cap Rate in Borger, TX 79007
INVESTMENT HIGHLIGHTS
- Strong Corporate Guarantee
- Key Economic Drivers
- Qualifies for 100% Bonus Depreciation
- Dense Retail Corridor
EXECUTIVE SUMMARY
Surmount is pleased to present the exclusive listing for a Tidal Wave Auto Spa located at 1430 W. Wilson St., Borger, TX 79007. The site consists of roughly 3,388 rentable square feet of building space on an estimated 1.99-acre parcel of land. This Tidal Wave Auto Spa is subject to a 20-year Triple Net (NNN) lease, which commenced 12/29/2023. The annual rent will be $375,000 and has scheduled increases of 2.00% annually
PROPERTY FACTS
| Price | $5,555,556 | Building Class | B |
| Price Per SF | $1,262.63 | Lot Size | 1.95 AC |
| Sale Type | Investment | Building Size | 4,400 SF |
| Cap Rate | 6.75% | No. Stories | 1 |
| Property Type | Specialty | Year Built | 2023 |
| Property Subtype | Car Wash |
| Price | $5,555,556 |
| Price Per SF | $1,262.63 |
| Sale Type | Investment |
| Cap Rate | 6.75% |
| Property Type | Specialty |
| Property Subtype | Car Wash |
| Building Class | B |
| Lot Size | 1.95 AC |
| Building Size | 4,400 SF |
| No. Stories | 1 |
| Year Built | 2023 |
PROPERTY TAXES
| Parcel Number | 100897 | Improvements Assessment | $801,100 |
| Land Assessment | $238,260 | Total Assessment | $1,039,360 |
PROPERTY TAXES
Parcel Number
100897
Land Assessment
$238,260
Improvements Assessment
$801,100
Total Assessment
$1,039,360
CONTACTS
-
Matthew Anuszkiewicz -
Francis Purritano -
Walker Stevens -
Glen Kunofsky -
Christopher Marks -
Surmount
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1411 W Wilson St - Tidal Wave Auto Spa
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