129 Benjamin H Hill Dr SW - Tidal Wave Auto Spa
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129 Benjamin H Hill Dr SW - Tidal Wave Auto Spa
3,200 SF Specialty Building Offered at $7,790,674 CAD at a 6.55% Cap Rate in Fitzgerald, GA 31750
Investment Highlights
- Long-Term NNN Lease | The site is subject to a 20 year-lease with roughly 18.3 years remaining.
- Strong Corporate Guarantee | The lease is subject to a corporate guarantee by Potato Creek Holdings.
- 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 129 Benjamin H Hill Dr E, Fitzgerald,
GA. The site consists of roughly 3,500 rentable square feet of
building space on an estimated 1.5-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
$360,000 and has scheduled increases of 2.00% annually
starting in year 7.
Wave Auto Spa located at 129 Benjamin H Hill Dr E, Fitzgerald,
GA. The site consists of roughly 3,500 rentable square feet of
building space on an estimated 1.5-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
$360,000 and has scheduled increases of 2.00% annually
starting in year 7.
Property Facts
| Price | $7,790,674 CAD | Lot Size | 1.50 AC |
| Price Per SF | $2,435 CAD | Building Size | 3,200 SF |
| Sale Type | Investment | No. Stories | 1 |
| Cap Rate | 6.55% | Year Built | 2022 |
| Property Type | Specialty | Parking Ratio | 5.63/1,000 SF |
| Property Subtype | Car Wash | Opportunity Zone |
Yes
|
| Building Class | B |
| Price | $7,790,674 CAD |
| Price Per SF | $2,435 CAD |
| Sale Type | Investment |
| Cap Rate | 6.55% |
| Property Type | Specialty |
| Property Subtype | Car Wash |
| Building Class | B |
| Lot Size | 1.50 AC |
| Building Size | 3,200 SF |
| No. Stories | 1 |
| Year Built | 2022 |
| Parking Ratio | 5.63/1,000 SF |
| Opportunity Zone |
Yes |
Contacts
-
Glen Kunofsky -
James Westerberg -
Gordon Pollock -
Carlton St Bernard -
NNN Pro Group
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129 Benjamin H Hill Dr SW - Tidal Wave Auto Spa
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