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3707 E Race Ave - Tidal Wave Auto Spa 3,600 SF Specialty Building Offered at $5,629,630 at a 6.75% Cap Rate in Searcy, AR 72143
INVESTMENT HIGHLIGHTS
- Strong Corporate Guarantee
- Qualifies for 100% Bonus Depreciation
- Outparcel Positioning
- New Apartment Complex Development
EXECUTIVE SUMMARY
SURMOUNT is pleased to present the exclusive listing for a Tidal Wave Auto Spa located at 3707 E Race Ave, Searcy, AR 72143. The site consists of roughly 3,600 rentable square feet of building space on an estimated 1.43-acre parcel of land. This Tidal Wave Auto Spa is subject to a 20-year Triple Net (NNN) lease, which commenced 12/20/2022. The current annual rent is $380,000 and has scheduled increases of 2.00% annually.
PROPERTY FACTS
| Price | $5,629,630 | Building Class | B |
| Price Per SF | $1,563.79 | Lot Size | 1.43 AC |
| Sale Type | Investment | Building Size | 3,600 SF |
| Cap Rate | 6.75% | No. Stories | 1 |
| Property Type | Specialty | Year Built | 2023 |
| Property Subtype | Car Wash |
| Price | $5,629,630 |
| Price Per SF | $1,563.79 |
| Sale Type | Investment |
| Cap Rate | 6.75% |
| Property Type | Specialty |
| Property Subtype | Car Wash |
| Building Class | B |
| Lot Size | 1.43 AC |
| Building Size | 3,600 SF |
| No. Stories | 1 |
| Year Built | 2023 |
PROPERTY TAXES
| Parcel Number | 016-09904-001 | Improvements Assessment | $208,789 |
| Land Assessment | $119,877 | Total Assessment | $328,666 |
PROPERTY TAXES
Parcel Number
016-09904-001
Land Assessment
$119,877
Improvements Assessment
$208,789
Total Assessment
$328,666
CONTACTS
-
Matthew Anuszkiewicz -
Francis Purritano -
Walker Stevens -
Glen Kunofsky -
Christopher Marks -
Surmount
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3707 E Race Ave - Tidal Wave Auto Spa
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