11813 Memorial - Tidal Wave Auto Spa
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11813 Memorial - Tidal Wave Auto Spa
3,560 SF Speciality Building Offered at £4,818,320 at a 6.55% Net Initial Yield in Huntsville, AL 35803
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 11813 Memorial Pkwy S, Huntsville, AL.
The site consists of roughly 3,560 rentable square feet of building
space on an estimated 1.1-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 $400,000
and has scheduled increases of 2.00% annually starting in year 7.
Wave Auto Spa located at 11813 Memorial Pkwy S, Huntsville, AL.
The site consists of roughly 3,560 rentable square feet of building
space on an estimated 1.1-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 $400,000
and has scheduled increases of 2.00% annually starting in year 7.
Property Facts
| Price | £4,818,320 | Building Class | B |
| Price Per SF | £1,353 | Lot Size | 1.10 AC |
| Sale Type | Investment | Building Size | 3,560 SF |
| Net Initial Yield | 6.55% | Number of Floors | 1 |
| Property Type | Speciality | Year Built | 2022 |
| Property Subtype | Car Wash | Parking Ratio | 1.69/1,000 SF |
| Price | £4,818,320 |
| Price Per SF | £1,353 |
| Sale Type | Investment |
| Net Initial Yield | 6.55% |
| Property Type | Speciality |
| Property Subtype | Car Wash |
| Building Class | B |
| Lot Size | 1.10 AC |
| Building Size | 3,560 SF |
| Number of Floors | 1 |
| Year Built | 2022 |
| Parking Ratio | 1.69/1,000 SF |
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Power Broker Glen Kunofsky -
James Westerberg -
Gordon Pollock -
Carlton St Bernard -
NNN Pro Group
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11813 Memorial - Tidal Wave Auto Spa
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