8005 Market St - Car Washes FOR SALE


Wilmington, NC 28411- Bayshore
$6,864,385 USD
8005 Market St, Wilmington, NC for Sale
$6,864,385 USD
Car Washes - FOR SALE
1/2
null | 6.75% Cap Rate

8005 Market St
Wilmington, NC 28411
Bayshore


OVERVIEW

CBRE is pleased to present the exclusive offering of a newly constructed Tidal Wave Auto Spa located at 8005 Market Street in Wilmington, North Carolina. 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 1.75 acres along Market Street (U.S. Highway 17), with approximately 299 linear feet of frontage providing exceptional visibility and access. This property is along a prominent retail corridor and is located adjacent to the Walmart Supercenter that attracts over two million annual visitors.

FOR SALE DETAILS

PRICE

$6,864,385 USD

PRICE/SF

$1,941 USD /SF

CAP RATE

6.75%

% 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

-

LAND SF

-

ZONING

-

APN/PARCEL ID

R03600-003-074-000

ASK ABOUT THIS PROPERTY

Michael KaiderCBRE, Inc.More Info

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Michael KaiderCBRE, Inc.More Info

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