2745 Powder Springs Rd SW - Corporate Tidal Wave Auto Spa | 18+ Yr NNN
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2745 Powder Springs Rd SW - Corporate Tidal Wave Auto Spa | 18+ Yr NNN
3,206 SF Specialty Building Offered at $7,739,954 CAD at a 6.85% Cap Rate in Marietta, GA 30064
Investment Highlights
- Long-term, passive investment | Tenant is operating under a 20-year, absolute NNN lease | 18+ years remaining on the base term
- 2% annual rent increases throughout the initial term and options | Yields an 8.63% average return over the remaining lease term
- Newer (late 2022) construction asset
- Corporately guaranteed lease | Tidal Wave Auto Spa is the 4th largest conveyor car wash company with 280+ locations across 28 states
- Dense and affluent area | 87,600+ residents with an average HH income exceeding $112,500 within a 10-minute drive
- Excellent access and visibility from Powder Springs Road which sees nearly 30,000 VPD
Executive Summary
• Long-term, passive investment | Tenant is operating under a 20-year, absolute NNN lease | 18+ years remaining on the base term
• Corporately guaranteed lease | Tidal Wave Auto Spa is the 4th largest conveyor car wash company with 280+ locations across 28 states | Will operate in 31 states by year-end
• In 2020, Golden Gate Capital, a leading private equity investment firm, announced the recapitalization of Tidal Wave | Golden Gate
currently has $20B cumulative capital committed across 115 companies
• Ranked on Inc.’s 5000 fastest-growing private companies for the 5th consecutive year
• Ranked #34 on the 2024 Consumer Services industry honorees
• 2% annual rent increases throughout the initial term and options | Yields an 8.63% average return over the remaining lease term
• Newer (late 2022) construction asset
• Excellent access and visibility from Powder Springs Road which sees nearly 30,000 VPD
• Directly across the street from a Walmart Supercenter
• Fee-simple ownership qualifies the investment for Bonus Deprecation | Confirm with your accountant | See chart on pg. 5 for Bonus
Depreciation monetary benefit
• Dense and affluent area | 87,600+ residents with an average HH income exceeding $112,500 within a 10-minute drive
• Recession resistant concept with 65% of revenue coming from recurring subscriptions
• About 2 miles from an incredible retail corridor that includes:
• East West Commons | 425,000 SF open air shopping center anchored by Lowe’s, Target, and T.J. Maxx
• Wellstar Cobb Medical Center | 387-bed hospital
• Brookwood Square | An LA Fitness-anchored shopping center
• A Kohl’s & Ross-anchored shopping center
• A Hobby Lobby and Floor & Décor-anchored shopping center
• Corporately guaranteed lease | Tidal Wave Auto Spa is the 4th largest conveyor car wash company with 280+ locations across 28 states | Will operate in 31 states by year-end
• In 2020, Golden Gate Capital, a leading private equity investment firm, announced the recapitalization of Tidal Wave | Golden Gate
currently has $20B cumulative capital committed across 115 companies
• Ranked on Inc.’s 5000 fastest-growing private companies for the 5th consecutive year
• Ranked #34 on the 2024 Consumer Services industry honorees
• 2% annual rent increases throughout the initial term and options | Yields an 8.63% average return over the remaining lease term
• Newer (late 2022) construction asset
• Excellent access and visibility from Powder Springs Road which sees nearly 30,000 VPD
• Directly across the street from a Walmart Supercenter
• Fee-simple ownership qualifies the investment for Bonus Deprecation | Confirm with your accountant | See chart on pg. 5 for Bonus
Depreciation monetary benefit
• Dense and affluent area | 87,600+ residents with an average HH income exceeding $112,500 within a 10-minute drive
• Recession resistant concept with 65% of revenue coming from recurring subscriptions
• About 2 miles from an incredible retail corridor that includes:
• East West Commons | 425,000 SF open air shopping center anchored by Lowe’s, Target, and T.J. Maxx
• Wellstar Cobb Medical Center | 387-bed hospital
• Brookwood Square | An LA Fitness-anchored shopping center
• A Kohl’s & Ross-anchored shopping center
• A Hobby Lobby and Floor & Décor-anchored shopping center
Property Facts
| Price | $7,739,954 CAD | Building Class | C |
| Price Per SF | $2,414 CAD | Lot Size | 1.86 AC |
| Sale Type | Investment | Building Size | 3,206 SF |
| Cap Rate | 6.85% | No. Stories | 1 |
| Sale Conditions | Build to Suit | Year Built | 2023 |
| Property Type | Specialty | Parking Ratio | 11.85/1,000 SF |
| Property Subtype | Car Wash |
| Price | $7,739,954 CAD |
| Price Per SF | $2,414 CAD |
| Sale Type | Investment |
| Cap Rate | 6.85% |
| Sale Conditions | Build to Suit |
| Property Type | Specialty |
| Property Subtype | Car Wash |
| Building Class | C |
| Lot Size | 1.86 AC |
| Building Size | 3,206 SF |
| No. Stories | 1 |
| Year Built | 2023 |
| Parking Ratio | 11.85/1,000 SF |
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PROPERTY TAXES
| Parcel Number | 19-0839-0-010-0 | Improvements Assessment | $384,341 CAD |
| Land Assessment | $453,390 CAD | Total Assessment | $837,731 CAD |
PROPERTY TAXES
Parcel Number
19-0839-0-010-0
Land Assessment
$453,390 CAD
Improvements Assessment
$384,341 CAD
Total Assessment
$837,731 CAD
zoning
| Zoning Code | CRC (Community Retail Commercial District) |
| CRC (Community Retail Commercial District) |
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Aron Cline -
Matt Coates -
Calvin Short -
Gary Chou -
Rad Werssowetz -
Berkeley Capital Advisors
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2745 Powder Springs Rd SW - Corporate Tidal Wave Auto Spa | 18+ Yr NNN
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