2790 North Rd - Car Washes FOR SALE


Orangeburg, SC 29118
$6,367,000 USD
516-316-0722
2790 North Rd, Orangeburg, SC for Sale
$6,367,000 USD
Car Washes - FOR SALE
1/4
null | 6% Cap Rate

2790 North Rd
Orangeburg, SC 29118


OVERVIEW

This newly constructed 2023 property offers a corporate-guaranteed absolute NNN lease with 18 years remaining, making it a recession-proof and internet-resistant investment. The lease includes 2% annual rent increases throughout the initial term and option periods, yielding an average return of 8.01% over the remaining lease term. Located on North Road with excellent visibility and access, the site benefits from over 28,000 vehicles per day. Additionally, the guarantor operates 282 locations across 31 states, providing further stability. The property is situated in a densely populated area with over 24,000 people living within a 3-mile radius.

FOR SALE DETAILS

PRICE

$6,367,000 USD

PRICE/SF

$1,721 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

2.15 AC

LAND SF

93,654 SF

ZONING

-

APN/PARCEL ID

0151-10-01-009.000

ASK ABOUT THIS PROPERTY

Raj WhadwaGlobal Realty Services USAMore Info
516-316-0722

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Raj WhadwaGlobal Realty Services USAMore Info
516-316-0722

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