1750 S Columbia Rd - Car Washes FOR SALE


Grand Forks, ND 58201
$5,836,644 USD
332-345-4220
1750 S Columbia Rd, Grand Forks, ND for Sale
$5,836,644 USD
Car Washes - FOR SALE
1/1
null | 6% Cap Rate

1750 S Columbia Rd
Grand Forks, ND 58201


HIGHLIGHTS

  • Long Term NNN Lease with 2% Annual Increases
  • High Store Sales | Exceptional Site Level Performance | Inquire With Listing Agent
  • Strong Corporate Guarantee
  • Accelerated Depreciation

OVERVIEW

SURMOUNT is pleased to present this exclusive listing for a Tidal Wave Auto Spa located at 1750 S Columbia Rd, Grand Forks, ND 58201. The site consists of roughly 4,077 rentable square feet of building space on an estimated 1.25-acre parcel of land. This Tidal Wave Auto Spa is subject to a 20-year Triple Net (NNN) lease, which commenced 10/7/2022. The current annual rent is $350,199 and has scheduled increases of 2.00% annually.

FOR SALE DETAILS

PRICE

$5,836,644 USD

PRICE/SF

$1,432 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

2022

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.25 AC

LAND SF

54,450 SF

ZONING

C

APN/PARCEL ID

44132700001000

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.