2745 Powder Springs Rd SW - Car Washes FOR SALE


Marietta, GA 30064
$5,468,000 USD
818-632-0233
2745 Powder Springs Rd SW, Marietta, GA for Sale
$5,468,000 USD
Car Washes - FOR SALE
1/5
null | 6.85% Cap Rate

2745 Powder Springs Rd SW
Marietta, GA 30064


HIGHLIGHTS

  • Long-term, passive investment | Tenant is operating under a 20-year, absolute NNN lease | 18+ years remaining on the base term
  • Corporately guaranteed lease | Tidal Wave Auto Spa is the 4th largest conveyor car wash company with 280+ locations across 28 states
  • 2% annual rent increases throughout the initial term and options | Yields an 8.63% average return over the remaining lease term
  • Dense and affluent area | 87,600+ residents with an average HH income exceeding $112,500 within a 10-minute drive
  • Newer (late 2022) construction asset
  • Excellent access and visibility from Powder Springs Road which sees nearly 30,000 VPD

OVERVIEW

• Long-term, passive investment | Tenant is operating under a 20-year, absolute NNN lease | 18+ years remaining on the base term • Corporately guaranteed lease | Tidal Wave Auto Spa is the 4th largest conveyor car wash company with 280+ locations across 28 states | Will operate in 31 states by year-end • In 2020, Golden Gate Capital, a leading private equity investment firm, announced the recapitalization of Tidal Wave | Golden Gate currently has $20B cumulative capital committed across 115 companies • Ranked on Inc.’s 5000 fastest-growing private companies for the 5th consecutive year • Ranked #34 on the 2024 Consumer Services industry honorees • 2% annual rent increases throughout the initial term and options | Yields an 8.63% average return over the remaining lease term • Newer (late 2022) construction asset • Excellent access and visibility from Powder Springs Road which sees nearly 30,000 VPD • Directly across the street from a Walmart Supercenter • Fee-simple ownership qualifies the investment for Bonus Deprecation | Confirm with your accountant | See chart on pg. 5 for Bonus Depreciation monetary benefit • Dense and affluent area | 87,600+ residents with an average HH income exceeding $112,500 within a 10-minute drive • Recession resistant concept with 65% of revenue coming from recurring subscriptions • About 2 miles from an incredible retail corridor that includes: • East West Commons | 425,000 SF open air shopping center anchored by Lowe’s, Target, and T.J. Maxx • Wellstar Cobb Medical Center | 387-bed hospital • Brookwood Square | An LA Fitness-anchored shopping center • A Kohl’s & Ross-anchored shopping center • A Hobby Lobby and Floor & Décor-anchored shopping center

FOR SALE DETAILS

PRICE

$5,468,000 USD

PRICE/SF

$1,706 USD /SF

CAP RATE

6.85%

% LEASED

-

TENANCY

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Corporate Tidal Wave Auto Spa | 18+ Yr NNN

PROPERTY TYPE

Specialty

PROPERTY SUBTYPE

Car Washes

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

C

YEAR BUILT

2023

SPRINKLERS

-

PARKING SPACES

38

LAND DETAILS

LAND ACRES

1.86 AC

LAND SF

81,022 SF

ZONING

CRC

APN/PARCEL ID

19-0839-0-010-0

ASK ABOUT THIS PROPERTY

Aron ClineBerkeley Capital AdvisorsMore Info
818-632-0233

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Aron ClineBerkeley Capital AdvisorsMore Info
818-632-0233

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.