11813 Memorial - Car Washes FOR SALE


Huntsville, AL 35803- Farley-Oakhurst Place
$6,153,846 USD
332-345-4222
11813 Memorial, Huntsville, AL for Sale
$6,153,846 USD
Car Washes - FOR SALE
1/3
null | 6.5% Cap Rate

11813 Memorial
Huntsville, AL 35803
Farley-Oakhurst Place


HIGHLIGHTS

  • Bonus Depreciation Opportunity
  • Corporate-Backed Lease by Tidal Wave Auto Spa
  • Long-Term NNN Lease with Zero Landlord Responsibilities
  • Strong Annual Rental Increases Starting in December 2029

OVERVIEW

Surmount is pleased to present the exclusive listing for a Tidal Wave Auto Spa located at 11813 Memorial Pkwy S, Huntsville, AL 35803. The site consists of roughly 3,560 rentable square feet of building space on an estimated 1.1-acre parcel of land. This Tidal Wave Auto Spa is subject to a 20-year Triple Net (NNN) lease which which commenced on 12/28/2022. The annual rent is $400,000 and has scheduled increases of 2.00% Annually Starting December 2029.

FOR SALE DETAILS

PRICE

$6,153,846 USD

PRICE/SF

$1,729 USD /SF

CAP RATE

6.5%

% 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

2022

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.1 AC

LAND SF

47,916 SF

ZONING

-

APN/PARCEL ID

23-03-07-4-003-072.000

ASK ABOUT THIS PROPERTY

Glen KunofskySurmountMore Info
332-345-4222

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Glen KunofskySurmountMore Info
332-345-4222

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.