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:18.1 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.

Talk to the Pros

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Glen Kunofsky

gkunofsky@nnnpro.com
License: NY: 49KU1129178
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James Westerberg

jwesterberg@nnnpro.com
License: NY: 10401304686
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Gordon Pollock

gpollock@nnnpro.com
License: NY: 10401370688
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Carlton St. Bernard

Broker of Record

Brian Brockman

Bang Realty-Missouri, Inc
License: 2017032771
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.