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1750 S Columbia Rd - Tidal Wave Auto Spa 4,077 SF Specialty Building Offered at $5,694,292 at a 6.15% Cap Rate in Grand Forks, ND 58201
INVESTMENT HIGHLIGHTS
- Long Term NNN Lease with 2% Annual Increases
- Strong Corporate Guarantee
- High Store Sales | Exceptional Site Level Performance | Inquire With Listing Agent
- Accelerated Depreciation
EXECUTIVE SUMMARY
SURMOUNT is pleased to present this exclusive listing for a Tidal Wave Auto Spa located at 1750 S Columbia Rd, Grand Forks, ND 58201. The site consists of roughly 4,077 rentable square feet of building space on an estimated 1.25-acre parcel of land. This Tidal Wave Auto Spa is subject to a 20-year Triple Net (NNN) lease, which commenced 10/7/2022. The current annual rent is $350,199 and has scheduled increases of 2.00% annually.
PROPERTY FACTS
| Price | $5,694,292 | Building Class | B |
| Price Per SF | $1,396.69 | Lot Size | 1.25 AC |
| Sale Type | Investment | Building Size | 4,077 SF |
| Cap Rate | 6.15% | No. Stories | 1 |
| Property Type | Specialty | Year Built | 2022 |
| Property Subtype | Car Wash | ||
| Zoning | C - Commercial | ||
| Price | $5,694,292 |
| Price Per SF | $1,396.69 |
| Sale Type | Investment |
| Cap Rate | 6.15% |
| Property Type | Specialty |
| Property Subtype | Car Wash |
| Building Class | B |
| Lot Size | 1.25 AC |
| Building Size | 4,077 SF |
| No. Stories | 1 |
| Year Built | 2022 |
| Zoning | C - Commercial |
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Bike Score®
Very Bikeable (89)
PROPERTY TAXES
| Parcel Number | 44132700001000 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $862,500 |
PROPERTY TAXES
Parcel Number
44132700001000
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$862,500
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1750 S Columbia Rd - Tidal Wave Auto Spa
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