388 Washington Rd - Car Washes FOR SALE


Washington, PA 15301 | 
$7,331,460 USD
388 Washington Rd, Washington, PA for Sale
$7,331,460 USD
Car Washes - FOR SALE
1/4
null | 7.25% Cap Rate

388 Washington Rd
Washington, PA 15301


OVERVIEW

CBRE is pleased to present the exclusive offering of a newly constructed Tidal Wave Auto Spa located at 388 Washington Road in Washington, Pennsylvania. The property is 100% occupied under a 20-year absolute triple net lease with approximately 17 years of remaining term with New Potato Creek Holdings, LLC, a Georgia limited liability company operating as Tidal Wave Auto Spa. The lease includes 1.5% annual increases for the duration of the original term, and extends into all four 5-year options. The tenant occupies 1.26 acres along Washington Road (State Route 19), with approximately 74 linear feet of frontage providing exceptional visibility and access. This property is along the dominant retail corridor and is located adjacent to the Walmart Superstore that attracts over 3.4 million annual visitors.

FOR SALE DETAILS

PRICE

$7,331,460 USD

PRICE/SF

$2,089 USD /SF

CAP RATE

7.25%

% 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

2024

SPRINKLERS

-

PARKING SPACES

45

LAND DETAILS

LAND ACRES

2.14 AC

LAND SF

93,218 SF

ZONING

-

APN/PARCEL ID

6000051300001601

ASK ABOUT THIS PROPERTY

Michael KaiderCBRE, Inc.More Info

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Michael KaiderCBRE, Inc.More Info

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