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1641 W College St - Tidal Wave Auto Spa 3,994 SF Specialty Building Offered at $5,923,023 at a 6.45% Cap Rate in Pulaski, TN 38478
INVESTMENT HIGHLIGHTS
- Located in a Tax-Free State | Pulaski is located in Tennessee, one of the few states with no personal income tax
- Strong Corporate Guarantee | The lease is backed by a corporate guarantee tied to a network of over 300+ locations across 30 states
- 17.5 Years Remaining with 2% Annual Increases and True Triple Net Lease | The property is backed by a 20-year absolute NNN lease
EXECUTIVE SUMMARY
Surmount is pleased to present the exclusive listing for a Tidal Wave Auto Spa located at 1637 W College Street, Pulaski, TN 38478. The site consists of roughly 3,994 rentable square feet of building space on an estimated 1.17-acre parcel of land. This Tidal Wave Auto Spa is subject to a 20-year Triple Net (NNN) lease, which commenced 12/15/2022. The current annual rent is $382,035 and has scheduled increases of 2.00% annually.
PROPERTY FACTS
| Price | $5,923,023 | Building Class | B |
| Price Per SF | $1,482.98 | Lot Size | 1.17 AC |
| Sale Type | Investment | Building Size | 3,994 SF |
| Cap Rate | 6.45% | No. Stories | 1 |
| Property Type | Specialty | Year Built | 2023 |
| Price | $5,923,023 |
| Price Per SF | $1,482.98 |
| Sale Type | Investment |
| Cap Rate | 6.45% |
| Property Type | Specialty |
| Building Class | B |
| Lot Size | 1.17 AC |
| Building Size | 3,994 SF |
| No. Stories | 1 |
| Year Built | 2023 |
PROPERTY TAXES
| Parcel Number | 087-042.01 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $337,680 |
PROPERTY TAXES
Parcel Number
087-042.01
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$337,680
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1641 W College St - Tidal Wave Auto Spa
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