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8081 Rivers Ave - Tidal Wave Auto Spa 3,600 SF Specialty Building Offered at $5,836,633 at a 6% Cap Rate in North Charleston, SC 29406
Investment Highlights
- Tremendous Traffic Counts | Over 69,000 Cars Per Day
- Strong Corporate Guarantee
- Excellent Demographics
- Long Term True Triple Net Lease With 2% Annual Increases
- Bonus Depreciation
- Rare NNN Offering In Beloved Charleston MSA
Executive Summary
SURMOUNT is pleased to present the exclusive listing for a Tidal Wave Auto Spa located at 8081 Rivers Avenue, N Charleston, SC 29406. The site consists of roughly 3,600 rentable square feet of building space on an estimated 1.27-acre parcel of land. This Tidal Wave Auto Spa is subject to a 20-year Triple Net (NNN) lease, which commenced 11/30/2022. The current annual rent is $350,198 and has scheduled increases of 2.00% annually
Property Facts
| Price | $5,836,633 | Building Class | B |
| Price Per SF | $1,621.29 | Lot Size | 1.27 AC |
| Sale Type | Investment NNN | Building Size | 3,600 SF |
| Cap Rate | 6% | No. Stories | 1 |
| Property Type | Specialty | Year Built | 2022 |
| Property Subtype | Car Wash |
| Price | $5,836,633 |
| Price Per SF | $1,621.29 |
| Sale Type | Investment NNN |
| Cap Rate | 6% |
| Property Type | Specialty |
| Property Subtype | Car Wash |
| Building Class | B |
| Lot Size | 1.27 AC |
| Building Size | 3,600 SF |
| No. Stories | 1 |
| Year Built | 2022 |
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Fairly walkable
50/100
Exceptionally drivable
100/100
Limited public transit
30/100
Somewhat bikeable
30/100
Property Taxes
| Parcel Number | 484-00-00-538 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $336,000 |
Property Taxes
Parcel Number
484-00-00-538
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$336,000
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