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107 Fergus Rd - Tidal Wave Auto Spa 3,493 SF Specialty Building Offered at $7,578,200 CAD at a 6.75% Cap Rate in La Vergne, TN 37086
Executive Summary
CBRE is pleased to present the exclusive offering of a newly constructed Tidal Wave Auto Spa located at 107 Fergus Road in La Vergne, Tennessee. The property is 100% occupied under a 20-year absolute triple net lease with approximately 17 years of remaining term with New Potato Creek Holdings, LLC, a Georgia limited liability company operating as Tidal Wave Auto Spa. The lease includes 1.5% annual increases for the duration of the original term, and extends into all four, 5-year options.
The tenant occupies 3.88 acres along Fergus Road, a primary commercial corridor in La Vergne with access via a signalized intersection. This property is along the dominant retail corridor and is located adjacent to the Walmart Supercenter that attracts over 1.9 million annual visitors.
The tenant occupies 3.88 acres along Fergus Road, a primary commercial corridor in La Vergne with access via a signalized intersection. This property is along the dominant retail corridor and is located adjacent to the Walmart Supercenter that attracts over 1.9 million annual visitors.
Property Facts
| Price | $7,578,200 CAD | Building Class | B |
| Price Per SF | $2,169.54 CAD | Lot Size | 1.01 AC |
| Sale Type | Investment | Building Size | 3,493 SF |
| Cap Rate | 6.75% | No. Stories | 1 |
| Property Type | Specialty | Year Built | 2023 |
| Property Subtype | Car Wash | ||
| Zoning | C2 | ||
| Price | $7,578,200 CAD |
| Price Per SF | $2,169.54 CAD |
| Sale Type | Investment |
| Cap Rate | 6.75% |
| Property Type | Specialty |
| Property Subtype | Car Wash |
| Building Class | B |
| Lot Size | 1.01 AC |
| Building Size | 3,493 SF |
| No. Stories | 1 |
| Year Built | 2023 |
| Zoning | C2 |
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Fairly walkable
40/100
Exceptionally drivable
100/100
Limited public transit
30/100
Somewhat bikeable
20/100
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107 Fergus Rd - Tidal Wave Auto Spa
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