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3388 Madison - Tidal Wave Auto Spa 3,803 SF Specialty Building Offered at $5,836,633 at a 6% Cap Rate in Ft Wright, KY 41017
Investment Highlights
- High Store Sales | Exceptional Site Level Performance
- Strong Corporate Guarantee | Over 300 Locations
- Long Term NNN Lease with 2% Annual Increases
- Bonus Depreciation
Executive Summary
SURMOUNT and Bang Realty are pleased to present the exclusive listing for a Tidal Wave Auto Spa located at 3388 Madison Pike, Fort Wright, KY 41017. The site consists of roughly 3,803 rentable square feet of building space on an estimated 1.52-acre parcel of land. This Tidal Wave Auto Spa is subject to a 20-year Triple Net (NNN) lease, which commenced 9/20/2022. The current annual rent is $350,198 and has scheduled increases of 2.00% annually.
Property Facts
| Price | $5,836,633 | Building Class | C |
| Price Per SF | $1,534.74 | Lot Size | 1.52 AC |
| Sale Type | Investment NNN | Building Size | 3,803 SF |
| Cap Rate | 6% | No. Stories | 1 |
| Property Type | Specialty | Year Built | 2022 |
| Property Subtype | Car Wash |
| Price | $5,836,633 |
| Price Per SF | $1,534.74 |
| Sale Type | Investment NNN |
| Cap Rate | 6% |
| Property Type | Specialty |
| Property Subtype | Car Wash |
| Building Class | C |
| Lot Size | 1.52 AC |
| Building Size | 3,803 SF |
| No. Stories | 1 |
| Year Built | 2022 |
Property Taxes
| Parcel Number | 042-20-04-004.00 | Improvements Assessment | $0 |
| Land Assessment | $382,800 | Total Assessment | $382,800 |
Property Taxes
Parcel Number
042-20-04-004.00
Land Assessment
$382,800
Improvements Assessment
$0
Total Assessment
$382,800
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