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.