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2183 Eastern Ave
Gallipolis, OH 45631
Tsunami Express Car Wash · Retail Property For Sale
Investment Highlights
- Bonus Depreciation
- Institutionally Backed
- Corporate Guarantee from Tsunami Express Car Wash (70+ Units)
- 20-Year Absolute Triple Net (NNN) Lease
Executive Summary
Surmount is pleased to present the exclusive listing for a Tsunami Express Car Wash located at 2183 Eastern Avenue, Gallipolis, OH 45631. The site consists of roughly 3,834 rentable square feet of building space on an estimated .87-acre parcel of land. Tsunami Express Car Wash is subject to a 20-year Triple Net (NNN) lease which will commence upon close of escrow. The annual rent will be $311,850 and has scheduled increases of 2.00% Annually.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Storefront
Building Size
3,834 SF
Building Class
B
Year Built
2021
Price
$4,620,000
Price Per SF
$1,205.01
Cap Rate
6.75%
NOI
$311,850
Tenancy
Single
Building Height
1 Story
Building FAR
0.10
Lot Size
0.87 AC
Frontage
50’ on Eastern Ave
Property Taxes
| Parcel Numbers | Improvements Assessment | $91,680 | |
| Land Assessment | $10,600 | Total Assessment | $102,280 |
Property Taxes
Parcel Numbers
Land Assessment
$10,600
Improvements Assessment
$91,680
Total Assessment
$102,280
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