602 E End Blvd N - Tidal Wave Auto Spa
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602 E End Blvd N - Tidal Wave Auto Spa
2,973 SF Specialty Building Offered at $5,343,511 at a 6.55% Cap Rate in Marshall, TX 75670
Investment Highlights
- Long-Term NNN Lease | The site is subject to a 20 year-lease with roughly 18.3 years remaining
- Strong Corporate Guarantee
- Attractive Annual Rent Increases and Options
Executive Summary
NNN Pro is pleased to present the exclusive listing for a Tidal
Wave Auto Spa located at 602 N East End Blvd, Marshall, TX. The
site consists of roughly 2,973 rentable square feet of building
space on an estimated 4-acre parcel of land. This Tidal Wave
Auto Spa is subject to a 20-year Triple Net (NNN) lease, which
commenced 12/28/2022. The current annual rent is $350,000
and has scheduled increases of 2.00% annually starting in year 7.
Wave Auto Spa located at 602 N East End Blvd, Marshall, TX. The
site consists of roughly 2,973 rentable square feet of building
space on an estimated 4-acre parcel of land. This Tidal Wave
Auto Spa is subject to a 20-year Triple Net (NNN) lease, which
commenced 12/28/2022. The current annual rent is $350,000
and has scheduled increases of 2.00% annually starting in year 7.
Property Facts
| Price | $5,343,511 | Building Class | B |
| Price Per SF | $1,797 | Lot Size | 4.00 AC |
| Sale Type | Investment | Building Size | 2,973 SF |
| Cap Rate | 6.55% | No. Stories | 1 |
| Property Type | Specialty | Year Built | 2022 |
| Property Subtype | Car Wash | Opportunity Zone |
Yes
|
| Price | $5,343,511 |
| Price Per SF | $1,797 |
| Sale Type | Investment |
| Cap Rate | 6.55% |
| Property Type | Specialty |
| Property Subtype | Car Wash |
| Building Class | B |
| Lot Size | 4.00 AC |
| Building Size | 2,973 SF |
| No. Stories | 1 |
| Year Built | 2022 |
| Opportunity Zone |
Yes |
PROPERTY TAXES
| Parcel Number | R000026242 | Improvements Assessment | $2,036,930 |
| Land Assessment | $238,600 | Total Assessment | $2,275,530 |
PROPERTY TAXES
Parcel Number
R000026242
Land Assessment
$238,600
Improvements Assessment
$2,036,930
Total Assessment
$2,275,530
Contacts
-
Glen Kunofsky -
James Westerberg -
Gordon Pollock -
Carlton St Bernard -
NNN Pro Group
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602 E End Blvd N - Tidal Wave Auto Spa
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