252 N Tyndall Pky - Car Washes FOR SALE


Panama City, FL 32404
$6,228,137 USD
332-345-4220
252 N Tyndall Pky, Panama City, FL for Sale
$6,228,137 USD
Car Washes - FOR SALE
1/3
null | 5.85% Cap Rate

252 N Tyndall Pky
Panama City, FL 32404


HIGHLIGHTS

  • Strong Site Level Performance
  • 100% Bonus Depreciation
  • Corporate Guarantee From Tidal Wave
  • Long Term NNN Lease With 2% Annual Increases
  • Excellent Traffic Counts
  • Demographics

OVERVIEW

Surmount is pleased to present the exclusive listing for a Tidal Wave Auto Spa located at 252 North Tyndall Parkway, Panama City, FL 32404. The site consists of roughly 6,664 rentable square feet of building space on an estimated .69-acre parcel of land. Tidal Wave Auto Spa is subject to a 20-year Triple Net (NNN) lease, which commenced 7/15/2022. The current annual rent is $364,346 and has scheduled increases of 2.00% Annually.

FOR SALE DETAILS

PRICE

$6,228,137 USD

PRICE/SF

$935 USD /SF

CAP RATE

5.85%

% 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

C

YEAR BUILT

1985

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.69 AC

LAND SF

29,882 SF

ZONING

COM-1

APN/PARCEL ID

06091-025-000

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.