8081 Rivers Ave - Car Washes FOR SALE


North Charleston, SC 29406
$5,836,633 USD
332-345-4220
8081 Rivers Ave, North Charleston, SC for Sale
$5,836,633 USD
Car Washes - FOR SALE
1/3
null | 6% Cap Rate

8081 Rivers Ave
North Charleston, SC 29406


HIGHLIGHTS

  • Tremendous Traffic Counts | Over 69,000 Cars Per Day
  • Long Term True Triple Net Lease With 2% Annual Increases
  • Strong Corporate Guarantee
  • Bonus Depreciation

OVERVIEW

SURMOUNT is pleased to present the exclusive listing for a Tidal Wave Auto Spa located at 8081 Rivers Avenue, N Charleston, SC 29406. The site consists of roughly 3,600 rentable square feet of building space on an estimated 1.27-acre parcel of land. This Tidal Wave Auto Spa is subject to a 20-year Triple Net (NNN) lease, which commenced 11/30/2022. The current annual rent is $350,199 and has scheduled increases of 2.00% annually.

FOR SALE DETAILS

PRICE

$5,836,633 USD

PRICE/SF

$1,577 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

B

YEAR BUILT

2022

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

1.27 AC

LAND SF

55,321 SF

ZONING

-

APN/PARCEL ID

484-00-00-538

ASK ABOUT THIS PROPERTY

Richard NardiSurmountMore Info
332-345-4220

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.

Richard NardiSurmountMore Info
332-345-4220

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.