1641 W College St - Specialty FOR SALE
Pulaski, TN 38478 |
$6,016,299 USD
332-345-4220
1641 W College St
Pulaski, TN 38478
HIGHLIGHTS
- Located in a Tax-Free State | Pulaski is located in Tennessee, one of the few states with no personal income tax
- 17.5 Years Remaining with 2% Annual Increases and True Triple Net Lease | The property is backed by a 20-year absolute NNN lease
- Strong Corporate Guarantee | The lease is backed by a corporate guarantee tied to a network of over 300+ locations across 30 states
OVERVIEW
Surmount is pleased to present the exclusive listing for a Tidal Wave Auto Spa located at 1637 W College Street, Pulaski, TN 38478. The site consists of roughly 3,994 rentable square feet of building space on an estimated 1.17-acre parcel of land. This Tidal Wave Auto Spa is subject to a 20-year Triple Net (NNN) lease, which commenced 12/15/2022. The current annual rent is $382,035 and has scheduled increases of 2.00% annually.
FOR SALE DETAILS
PRICE
$6,016,299 USD
PRICE/SF
$1,543 USD /SF
CAP RATE
6.35%
% LEASED
-
TENANCY
-
SALE TYPE
Investment
BUILDING DETAILS
PROPERTY NAME
Tidal Wave Auto Spa
PROPERTY TYPE
Specialty
TOTAL BUILDING SIZE
-
STORIES
1
BUILDING CLASS
B
YEAR BUILT
2023
SPRINKLERS
-
PARKING SPACES
-
LAND DETAILS
LAND ACRES
1.17 AC
LAND SF
50,965 SF
ZONING
-
APN/PARCEL ID
087-042.01
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332-345-4220
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332-345-4220
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