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.