607 N Church St
Thomaston, GA 30286
Tidal Wave Express Car Wash · Specialty Property For Sale
·
7,570 SF
Investment Highlights
- New 20-year absolute NNN lease to top carwash operator in the U.S.
- Longstanding and proven location – Strong EBITDAR to rent coverage ratio
- Enhanced Site Accessibility – Strong two-way traffic ingress and egress
- 1.25% annual rent increases and three 5-year renewal options
- The property qualifies for 15 year accelerated depreciation
Property Facts
| Property Type | Specialty | Building Size | 7,570 SF |
| Property Subtype | Car Wash | No. Stories | 1 |
| Building Class | C | Year Built | 2004 |
| Lot Size | 1.00 AC | ||
| Zoning | 003 | ||
| Property Type | Specialty |
| Property Subtype | Car Wash |
| Building Class | C |
| Lot Size | 1.00 AC |
| Building Size | 7,570 SF |
| No. Stories | 1 |
| Year Built | 2004 |
| Zoning | 003 |
About 607 N CHURCH ST , THOMASTON, GA 30286
Capital Pacific is pleased to present an opportunity to acquire a proven and longstanding Tidal Wave Auto Spa located in Thomaston, GA. The tenant will enter into a brand new 20-year absolute NNN lease with zero landlord expense or maintenance responsibilities upon the close of escrow. The lease features 1.25% rental increases annually throughout the primary term. The subject property is a flagship location for Tidal Wave and has become a staple in the community for over 15 years. Tidal Wave Auto Spa is ranked in the Top 10 leading car wash operators in the country with 48 locations in operation and approximately 15 planned car washes in various stages of development. The subject property benefits from a high identity location on North Church Street (HWY 19) which benefits from high daytime traffic counts (over 11,000 VPD). The site also features enhanced accessibility providing customers with right in-right out and left in-left out access options. Surrounding retailers in the immediate area include Ingle’s, Walgreens, Rite Aid, Piggly Wiggly, Hardee’s, Burger King, and Advance Auto Parts.
Property Taxes
| Parcel Number | T21-040 01 | Improvements Assessment | $214,372 |
| Land Assessment | $53,488 | Total Assessment | $267,860 |
Property Taxes
