1300-1306 NW Sheridan Rd - Car Washes FOR SALE


Lawton, OK 73505
$5,953,366 USD
332-345-4220
1300-1306 NW Sheridan Rd, Lawton, OK for Sale
$5,953,366 USD
Car Washes - FOR SALE
1/3
null | 6% Cap Rate

1300-1306 NW Sheridan Rd
Lawton, OK 73505


HIGHLIGHTS

  • Corporate Guarantee From Tidal Wave
  • 100% Bonus Depreciation
  • Long-Term NNN Lease
  • 2% Annual Rent Increases

OVERVIEW

Surmount is pleased to present the exclusive listing for a Tidal Wave Auto Spa located at 1302 Northwest Sheridan Road, Lawton, OK 73505. The site consists of roughly 3,292 rentable square feet of building space on an estimated 1.15-acre parcel of land. Tidal Wave Auto Spa is subject to a 20-year Triple Net (NNN) lease, which commenced 12/19/2022. The current annual rent is $357,202 and has scheduled increases of 2.00% Annually.

FOR SALE DETAILS

PRICE

$5,953,366 USD

PRICE/SF

$1,808 USD /SF

CAP RATE

6%

% 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

1.15 AC

LAND SF

50,032 SF

ZONING

-

APN/PARCEL ID

0019178

ASK ABOUT THIS PROPERTY

Richard NardiSurmountMore Info
332-345-4220

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Richard NardiSurmountMore Info
332-345-4220

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