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3388 Madison - Tidal Wave Auto Spa 3,803 SF Specialty Building Offered at $7,962,568 CAD at a 6% Cap Rate in Ft Wright, KY 41017
Investment Highlights
- High Store Sales | Exceptional Site Level Performance
- Strong Corporate Guarantee | Over 300 Locations
- Long Term NNN Lease with 2% Annual Increases
- Bonus Depreciation
Executive Summary
SURMOUNT and Bang Realty are pleased to present the exclusive listing for a Tidal Wave Auto Spa located at 3388 Madison Pike, Fort Wright, KY 41017. The site consists of roughly 3,803 rentable square feet of building space on an estimated 1.52-acre parcel of land. This Tidal Wave Auto Spa is subject to a 20-year Triple Net (NNN) lease, which commenced 9/20/2022. The current annual rent is $350,198 and has scheduled increases of 2.00% annually.
Property Facts
| Price | $7,962,568 CAD | Building Class | C |
| Price Per SF | $2,093.76 CAD | Lot Size | 1.52 AC |
| Sale Type | Investment NNN | Building Size | 3,803 SF |
| Cap Rate | 6% | No. Stories | 1 |
| Property Type | Specialty | Year Built | 2022 |
| Property Subtype | Car Wash |
| Price | $7,962,568 CAD |
| Price Per SF | $2,093.76 CAD |
| Sale Type | Investment NNN |
| Cap Rate | 6% |
| Property Type | Specialty |
| Property Subtype | Car Wash |
| Building Class | C |
| Lot Size | 1.52 AC |
| Building Size | 3,803 SF |
| No. Stories | 1 |
| Year Built | 2022 |
Fairly walkable
40/100
Exceptionally drivable
100/100
Limited public transit
30/100
Somewhat bikeable
20/100
Property Taxes
| Parcel Number | 042-20-04-004.00 | Improvements Assessment | $0 CAD |
| Land Assessment | $522,231 CAD | Total Assessment | $522,231 CAD |
Property Taxes
Parcel Number
042-20-04-004.00
Land Assessment
$522,231 CAD
Improvements Assessment
$0 CAD
Total Assessment
$522,231 CAD
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3388 Madison - Tidal Wave Auto Spa
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