Capital Pacific is pleased to present an opportunity to acquire a high performing Tidal Wave Auto Spa located in a dense retail corridor in Sharpsburg, GA. The tenant will enter into a brand new 20-year absolute NNN lease with zero landlord expense or maintenance responsibilities upon the close of escrow. The lease features 1.25% rental increases annually throughout the primary term. The subject property is a proven express car wash that has performed at a high level since 2016. Tidal Wave Auto Spa is ranked in the Top 10 leading car wash operators in the country with 48 locations in operation and approximately 15 planned car washes in various stages of development.
The subject property is an out parcel to a Sam’s Club and is situated on the hard corner at the highly trafficked intersection of GA Highway 34 and Fischer Road with direct exposure of over 37,000 vehicles per day. This dense retail corridor is experiencing significant new growth with recent developments including Costco, Kaiser Permanente, and over 150,000 SF of additional development planned in the immediate vicinity.
