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8005 Market St - Tidal Wave Auto Spa 3,536 SF Specialty Building Offered at $9,497,563 CAD at a 6.75% Cap Rate in Wilmington, NC 28411
Executive Summary
CBRE is pleased to present the exclusive offering of a newly constructed Tidal Wave Auto Spa located at 8005 Market Street in Wilmington, North Carolina. 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 1.75 acres along Market Street (U.S. Highway 17), with approximately 299 linear feet of frontage providing exceptional visibility and access. This property is along a prominent retail corridor and is located adjacent to the Walmart Supercenter that attracts over two million annual visitors.
The tenant occupies 1.75 acres along Market Street (U.S. Highway 17), with approximately 299 linear feet of frontage providing exceptional visibility and access. This property is along a prominent retail corridor and is located adjacent to the Walmart Supercenter that attracts over two million annual visitors.
Property Facts
| Price | $9,497,563 CAD | Property Subtype | Car Wash |
| Price Per SF | $2,685.96 CAD | Building Class | B |
| Sale Type | Investment | Building Size | 3,536 SF |
| Cap Rate | 6.75% | No. Stories | 1 |
| Property Type | Specialty | Year Built | 2023 |
| Price | $9,497,563 CAD |
| Price Per SF | $2,685.96 CAD |
| Sale Type | Investment |
| Cap Rate | 6.75% |
| Property Type | Specialty |
| Property Subtype | Car Wash |
| Building Class | B |
| Building Size | 3,536 SF |
| No. Stories | 1 |
| Year Built | 2023 |
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Fairly walkable
40/100
Exceptionally drivable
100/100
Somewhat bikeable
20/100
Property Taxes
| Parcel Number | R03600-003-074-000 | Improvements Assessment | $2,348,246 CAD |
| Land Assessment | $1,572,323 CAD | Total Assessment | $3,920,569 CAD |
Property Taxes
Parcel Number
R03600-003-074-000
Land Assessment
$1,572,323 CAD
Improvements Assessment
$2,348,246 CAD
Total Assessment
$3,920,569 CAD
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8005 Market St - Tidal Wave Auto Spa
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