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Tsunami Express Car Wash 2183 Eastern Ave 3,834 SF Retail Building Gallipolis, OH 45631 $6,343,168 CAD ($1,654.45 CAD/SF) 6.75% Cap Rate
Investment Highlights
- Bonus Depreciation
- Institutionally Backed
- Corporate Guarantee from Tsunami Express Car Wash (70+ Units)
- 20-Year Absolute Triple Net (NNN) Lease
Executive Summary
Surmount is pleased to present the exclusive listing for a Tsunami Express Car Wash located at 2183 Eastern Avenue, Gallipolis, OH 45631. The site consists of roughly 3,834 rentable square feet of building space on an estimated .87-acre parcel of land. Tsunami Express Car Wash is subject to a 20-year Triple Net (NNN) lease which will commence upon close of escrow. The annual rent will be $311,850 and has scheduled increases of 2.00% Annually.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Storefront
Building Size
3,834 SF
Building Class
B
Year Built
2021
Price
$6,343,168 CAD
Price Per SF
$1,654.45 CAD
Cap Rate
6.75%
NOI
$428,164 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.10
Lot Size
0.87 AC
Frontage
50’ on Eastern Ave
Fairly walkable
40/100
Exceptionally drivable
100/100
Somewhat bikeable
20/100
Nearby Major Retailers
Property Taxes
| Parcel Numbers | Improvements Assessment | $125,875 CAD | |
| Land Assessment | $14,554 CAD | Total Assessment | $140,428 CAD |
Property Taxes
Parcel Numbers
Land Assessment
$14,554 CAD
Improvements Assessment
$125,875 CAD
Total Assessment
$140,428 CAD
Contacts
-
Edward Otocka -
James Westerberg -
Gordon Pollock -
Glen Kunofsky -
Christopher Marks -
Surmount
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Tsunami Express Car Wash | 2183 Eastern Ave
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