Tidal Wave Auto Spa Portfolio 7 biens | Spécialité | À vendre | 39 007 050 € | Localisations multiples

The Tidal Wave Auto Spa Portfolio consists of 7 newly constructed, single-tenant car wash properties strategically located across Florida, Montana, Tennessee, North Carolina, and Pennsylvania. The portfolio is available for acquisition either individually or as a combined offering, providing investors flexibility in execution while gaining exposure to one of the nation's fastest-growing express car wash operators.
Collectively, the portfolio comprises approximately 27,446 square feet and generates $3.58 million in annual net operating income (NOI). The assets are subject to long-term absolute triple-net (NNN) leases with an average of 16.9 years remaining, offering investors durable cash flow with zero landlord responsibilities. The portfolio is being offered at an aggregate price of approximately $52.3 million, representing an overall 6.86% cap rate.
Each location benefits from prominent retail positioning with strong visibility and access along major commercial corridors. Additional investment appeal is created through annual rent escalations, providing built-in income growth throughout the lease term. Constructed in 2023, the properties offer modern improvements with limited near-term capital expenditure requirements.
The portfolio is backed by a strong private equity-sponsored guarantor and offers investors the opportunity to acquire a geographically diversified collection of high-performing express car wash assets. Furthermore, investors may benefit from 100% bonus depreciation opportunities, enhancing the overall after-tax investment return profile.