2790 North RdOrangeburg, SC 29118

This exceptional investment opportunity presents a fee-simple ownership of a thriving Tidal Wave Auto Spa in Orangeburg, South Carolina. Located at 2790 North Rd, this 3,700 square foot car wash, built in 2023, sits on a 2.15-acre lot in a high-traffic area (28,627 VPD). The property benefits from a 20-year absolute NNN lease with 18 years remaining, providing a stable, low-risk income stream. The lease includes a corporate guarantee from Tidal Wave Auto Spa, a top-four national operator with over 280 locations. The current NOI is $374,544, with 2% annual rent increases built into the lease, resulting in an attractive cap rate of 6.73% and an 8.01% average return over the remaining lease term. The lease also includes five (5), five (5) year renewal options. The property's land value is $59.40 per square foot, and the asking price is $5,563,000 ($1,503.51 per square foot). This investment offers significant tax advantages through 60% bonus depreciation (consult your tax advisor). The tenant, Tidal Wave Auto Spa, is a rapidly expanding company, ranked among Inc.'s 5000 fastest-growing private companies for five consecutive years. Golden Gate Capital, a leading private equity firm with $20 billion in committed capital, backs the company, further solidifying the investment's stability. Orangeburg's strategic location along I-26 and its growing economy make this a compelling investment in a strong, stable market.