- Marcus & Millichap is proud to exclusively present the Tidal Wave Auto Spa in Orangeburg, SC. Located at 2790 North Rd, this newly constructed car wash, completed in 2023, sits on 2.15 acres along one of the town’s busiest thoroughfares, boasting traffic counts of 28,627 vehicles per day (VPD). This high-visibility location is ideally positioned in a growing market and poised for long term success. - With a corporate-guaranteed absolute NNN lease in place, investors can benefit from a highly stable, low-risk income stream. The lease has 18 years remaining on the initial term, plus a five (5), five-year options to renew. The net operating income (NOI) of $375,544, along with 2% annual rent increases, provides an attractive 8.01% average cap rate over the initial lease term, making this property a secure and lucrative long-term investment opportunity.