• Single Tenant Tidal Wave Auto Spa:
° Corporately guaranteed lease by Tidal Wave
° Absolute NNN Lease with zero landlord responsibilities
° 19-years remaining on initial lease term with four 5-year options
° 2.0% annual increases during primary term and options
• About Tidal Wave Auto Spa:
° Institutionally Backed National Operator: Golden Gate Capital-backed express car wash platform
with significant private equity sponsorship supporting continued growth. ( LINK TO ARTICLE)
° Top-Tier Express Wash Platform: One of the largest and fastest-growing conveyor car wash
operators in the U.S., with a national footprint exceeding 300 locations across 30 states.
° Established Operating History: Founded in 1999 with 25+ years of express car wash operating
experience and brand development.
° Scaled Growth Strategy: Rapidly expanding through a combination of greenfield development,
acquisitions, and continued unit-level operational execution.
° Founder-Led Platform: Founder/CEO Scott Blackstock remains involved in the business following
the company’s recapitalization, providing continuity alongside institutional growth capital.
• Bonus Depreciation: Property qualifies for 100% bonus depreciation on carwash improvements
(contact for more info)
° “Big Beautiful Bill” included the reset of bonus depreciation to 100% for 2025 and beyond