2510 N Baltimore St - Tidal Wave Auto Spa
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2510 N Baltimore St - Tidal Wave Auto Spa
3,465 SF Speciality Building Offered at £4,300,488 at a 6.55% Net Initial Yield in Kirksville, MO 63501
Investment Highlights
- Affluent Suburban Community | Households within a 1-mile radius enjoy average annual incomes exceeding $71,200, fueling a robust car wash market.
- Strong Academic Presence | The investment property profits from a strong academic presence, with institutions like Truman State University
- Kirksville Regional Airport | The subject property is near the Kirksville Regional Airport, averaging over 113 flights per week.
- Strong Retail Corridor | The subject property is located amongst several power centers and retailers including: Walmart, ALDI, Hobby Lobby, Home Depot
- Strong Traffic Counts | The subject property is alongside N Baltimore St and experiences a daily traffic count of over 15,600 vehicles.
Executive Summary
NNN Pro is pleased to present the exclusive listing for a Tidal
Wave Auto Spa located at 2510 N Baltimore St, Kirksville, MO. The
site consists of roughly 3,465 rentable square feet of building
space on an estimated 2.1-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 $360,000
and has scheduled increases of 2.00% annually starting in year 7.
Wave Auto Spa located at 2510 N Baltimore St, Kirksville, MO. The
site consists of roughly 3,465 rentable square feet of building
space on an estimated 2.1-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 $360,000
and has scheduled increases of 2.00% annually starting in year 7.
Property Facts
| Price | £4,300,488 | Building Class | C |
| Price Per SF | £1,241 | Lot Size | 2.10 AC |
| Sale Type | Investment | Building Size | 3,465 SF |
| Net Initial Yield | 6.55% | Number of Floors | 1 |
| Property Type | Speciality | Year Built | 2005 |
| Property Subtype | Car Wash | Opportunity Zone |
Yes
|
| Price | £4,300,488 |
| Price Per SF | £1,241 |
| Sale Type | Investment |
| Net Initial Yield | 6.55% |
| Property Type | Speciality |
| Property Subtype | Car Wash |
| Building Class | C |
| Lot Size | 2.10 AC |
| Building Size | 3,465 SF |
| Number of Floors | 1 |
| Year Built | 2005 |
| Opportunity Zone |
Yes |
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PROPERTY TAXES
| Parcel Number | 08-08.0-33-004-01-04.006000 | Improvements Assessment | £17,143 |
| Land Assessment | £63,253 | Total Assessment | £80,397 |
PROPERTY TAXES
Parcel Number
08-08.0-33-004-01-04.006000
Land Assessment
£63,253
Improvements Assessment
£17,143
Total Assessment
£80,397
zoning
| Zoning Code | HDCZ |
| HDCZ |
Contacts
-
Glen Kunofsky -
James Westerberg -
Gordon Pollock -
Carlton St Bernard -
NNN Pro Group
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2510 N Baltimore St - Tidal Wave Auto Spa
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