3388 Madison - Car Washes FOR SALE


Ft Wright, KY 41017
$5,836,633 USD
332-345-4220
3388 Madison, Ft Wright, KY for Sale
$5,836,633 USD
Car Washes - FOR SALE
1/3
null | 6% Cap Rate

3388 Madison
Ft Wright, KY 41017


HIGHLIGHTS

  • High Store Sales | Exceptional Site Level Performance
  • Long Term NNN Lease with 2% Annual Increases
  • Strong Corporate Guarantee | Over 300 Locations
  • Bonus Depreciation

OVERVIEW

SURMOUNT and Bang Realty are pleased to present the exclusive listing for a Tidal Wave Auto Spa located at 3388 Madison Pike, Fort Wright, KY 41017. The site consists of roughly 3,803 rentable square feet of building space on an estimated 1.52-acre parcel of land. This Tidal Wave Auto Spa is subject to a 20-year Triple Net (NNN) lease, which commenced 9/20/2022. The current annual rent is $350,198 and has scheduled increases of 2.00% annually.

FOR SALE DETAILS

PRICE

$5,836,633 USD

PRICE/SF

$1,535 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

C

YEAR BUILT

2022

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.52 AC

LAND SF

66,211 SF

ZONING

-

APN/PARCEL ID

042-20-04-004.00

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.