Tidal Wave Auto Spa
Kirksville, MO
Key Details
| Price: | $5,496,183 |
|---|---|
| Cap Rate: | 6.55% |
| Annual Rent: | $360,000 |
| Address: | 2510 North Baltimore Street, Kirksville, Missouri 63501 |
| Property Type: | Retail |
| Lease Type: | Triple Net (NNN) |
Property Data
| Original Lease Term: | 20 Years |
|---|---|
| Lease Commencement: | 12/28/2022 |
| Lease Expiration: | 12/27/2042 |
| Lease Term Remaining: | 18 Years |
| Rental Increases: | 2.00% Annually Starting Year 7 |
| Lot Size: | 2.10 Acres |
| Building Size: | 3,465 SF |
| Year Built: | 2022 |
NNN Pro is pleased to present the exclusive listing for a Tidal Wave Auto Spa located at 2510 North Baltimore Street, Kirksville, Missouri 63501. The site consists of roughly 3465 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 Year 7.
About the Investment
- Affluent Suburban Community | Households within a 1-mile radius enjoy average annual incomes exceeding $71,200, fueling a robust car wash market.
- Strong Retail Corridor | The subject property is located amongst several power centers and retailers including: Walmart, ALDI, Hobby Lobby, Home Depot, PetSmart, Marshalls, AutoZone, Arby's, Pizza Hut, and more, making a desirable area for consumers.
- Strong Academic Presence | The investment property profits from a strong academic presence, with institutions like Truman State University and A.T. Still University located in the immediate area with over 10,000 students collectively enrolled.
- Strong Traffic Counts | The subject property is alongside N Baltimore St and experiences a daily traffic count of over 15,600 vehicles.
- Kirksville Regional Airport | The subject property is near the Kirksville Regional Airport, averaging over 113 flights per week.
Key Details
| Price: | $5,496,183 |
|---|---|
| Cap Rate: | 6.55% |
| Annual Rent: | $360,000 |
| Address: | 2510 North Baltimore Street, Kirksville, Missouri 63501 |
| Property Type: | Retail |
| Lease Type: | Triple Net (NNN) |
Property Data
| Original Lease Term: | 20 Years |
|---|---|
| Lease Commencement: | 12/28/2022 |
| Lease Expiration: | 12/27/2042 |
| Lease Term Remaining: | 18 Years |
| Rental Increases: | 2.00% Annually Starting Year 7 |
| Lot Size: | 2.10 Acres |
| Building Size: | 3,465 SF |
| Year Built: | 2022 |
Talk to the Pros
Glen Kunofsky
gkunofsky@nnnpro.com
License: NY: 49KU1129178
James Westerberg
jwesterberg@nnnpro.com
License: NY: 10401304686
Gordon Pollock
gpollock@nnnpro.com
License: NY: 10401370688
Carlton St. Bernard
cstbernard@nnnpro.com
License:
Broker of Record
Brian Brockman
Bang Realty-Missouri, Inc
License: 2017032771
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This information has been obtained from sources believed reliable. We have not verified it and make no guarantee, warranty or representation about it. Any projections, opinions, assumptions or estimates used are for example only and do not represent the current or future performance of the property. You and your advisors should conduct a careful, independent investigation of the property to determine to your satisfaction the suitability of the property for your needs.