107 Fergus Rd - Car Washes FOR SALE


La Vergne, TN 37086
$5,471,111 USD
107 Fergus Rd, La Vergne, TN for Sale
$5,471,111 USD
Car Washes - FOR SALE
1/3
null | 6.75% Cap Rate

107 Fergus Rd
La Vergne, TN 37086


OVERVIEW

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.

FOR SALE DETAILS

PRICE

$5,471,111 USD

PRICE/SF

$1,566 USD /SF

CAP RATE

6.75%

% LEASED

-

TENANCY

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Tidal Wave Auto Spa

PROPERTY TYPE

Specialty

PROPERTY SUBTYPE

Car Washes

TOTAL BUILDING SIZE

-

STORIES

1

BUILDING CLASS

B

YEAR BUILT

2023

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.01 AC

LAND SF

44,178 SF

ZONING

C2

APN/PARCEL ID

018-001.03-000

ASK ABOUT THIS PROPERTY

Michael KaiderCBRE, Inc.More Info

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Michael KaiderCBRE, Inc.More Info

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