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2790 North Rd - Tidal Wave Auto Spa 3,700 SF Specialty Building Offered at $6,367,000 at a 6% Cap Rate in Orangeburg, SC 29118
EXECUTIVE SUMMARY
This newly constructed 2023 property offers a corporate-guaranteed absolute NNN lease with 18 years remaining, making it a recession-proof and internet-resistant investment. The lease includes 2% annual rent increases throughout the initial term and option periods, yielding an average return of 8.01% over the remaining lease term. Located on North Road with excellent visibility and access, the site benefits from over 28,000 vehicles per day. Additionally, the guarantor operates 282 locations across 31 states, providing further stability. The property is situated in a densely populated area with over 24,000 people living within a 3-mile radius.
PROPERTY FACTS
| Price | $6,367,000 | Building Class | B |
| Price Per SF | $1,720.81 | Lot Size | 2.15 AC |
| Sale Type | Investment | Building Size | 3,700 SF |
| Cap Rate | 6% | No. Stories | 1 |
| Property Type | Specialty | Year Built | 2023 |
| Property Subtype | Car Wash |
| Price | $6,367,000 |
| Price Per SF | $1,720.81 |
| Sale Type | Investment |
| Cap Rate | 6% |
| Property Type | Specialty |
| Property Subtype | Car Wash |
| Building Class | B |
| Lot Size | 2.15 AC |
| Building Size | 3,700 SF |
| No. Stories | 1 |
| Year Built | 2023 |
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PROPERTY TAXES
| Parcel Number | 0151-10-01-009.000 | Improvements Assessment | $59,301 |
| Land Assessment | $272,979 | Total Assessment | $332,280 |
PROPERTY TAXES
Parcel Number
0151-10-01-009.000
Land Assessment
$272,979
Improvements Assessment
$59,301
Total Assessment
$332,280
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2790 North Rd - Tidal Wave Auto Spa
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