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NEC Crossroads Dr & Meridian dr - Tsunami Express Car Wash

4,355 SF Specialty Building Offered at $5,600,000 at a 6.75% Cap Rate in Plover, WI 54467

Investment Highlights

  • 20-Year Absolute Triple Net (NNN) Lease | At closing the tenant will execute a brand-new 20-year absolute triple net lease
  • Corporate Guarantee | The lease will be subject to a corporate guarantee from Tsunami Express.
  • Attractive Rent Increases | The lease will feature scheduled increases of 2.00% annually, providing a hedge against inflation.

Executive Summary

NNN Pro is pleased to present the exclusive listing for a Tsunami Express Car Wash located at NEC Crossroads Dr & Meridian Dr, Plover, WI 54467. The site consists of roughly 4,900 rentable square feet of building space on an estimated 2-acre parcel of land. This Tsunami Express Car Wash is subject to a 20-year Triple Net (NNN) lease which will commence upon close of escrow. The annual rent will be $378,000 and has scheduled increases of 2.00% annually.

Property Facts

Price $5,600,000
Price Per SF $1,286
Sale Type Investment
Cap Rate 6.75%
Property Type Specialty
Property Subtype Car Wash
Building Class B
Lot Size 1.61 AC
Construction Status Under Construction
Building Size 4,355 SF
No. Stories 1
Year Built 2025
  • Listing ID: 34256625

  • Date on Market: 12/20/2024

  • Last Updated:

  • Address: NEC Crossroads Dr & Meridian dr, Plover, WI 54467

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