Tidal Wave Auto Spa Car
New
For Sale
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8005 Market Street, Wilmington, NC 28411
Newly constructed automotive wash with a long-term absolute NNN lease along a major Wilmington retail corridor.
Property Size3,536 SF
Lot Size1.75 Acres
Price / SF$1,941
Days on Market5
Property Features for 8005 Market Street
General Information
Standard status
Active
Size
3,536 SF
Class
A
Total Parking Spaces
32
Lot size
1.75 Acres
Property subtype
Retail
Zoning
Office & Institution
Occupancy
100%
Lease Type
Absolute Net
Investment Type
Net Lease
Net Operating Income
$463,346
Site & Location
Highway Access
Yes
Road Access
Yes
Building Details
Year Built
2023
Tenancy
Single
Listing Agency:
CBRE - Oak Brook
Listed By:
Michael Kaider · License #IL 475154630
Source:
Crexi
Added: Aug 31
Changed: Sep 3
Last Checked: Sep 3 at 2:41AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of CBRE - Oak Brook
Investment Insights
Based on property information with market context.
This 2023-built car wash occupies a 3,536-square-foot facility on a 1.75-acre site. The property is fully leased to Tidal Wave Auto Spa under an absolute triple net structure, with approximately 17 years remaining on the initial 20-year term. The agreement provides 1.5% annual increases during the original term and includes four additional 5-year options.
Positioned along Market Street, which is also identified as U.S. Highway 17, the site offers approximately 299 linear feet of frontage. It is adjacent to a Walmart Supercenter reported to attract more than two million visitors annually. The Wilmington property may be acquired individually or included with a seven-property Tidal Wave Auto Spa portfolio.
Positioned along Market Street, which is also identified as U.S. Highway 17, the site offers approximately 299 linear feet of frontage. It is adjacent to a Walmart Supercenter reported to attract more than two million visitors annually. The Wilmington property may be acquired individually or included with a seven-property Tidal Wave Auto Spa portfolio.
Key Highlights
- 2023‑built car wash with 3,536 square feet on 1.75 acres
- 100% occupied under an absolute triple net lease
- Approximately 17 years remain on the original 20‑year lease term
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
581
Businesses Nearby
Explore this area
Business Placement
Demographics for 28411, NC
37,834
Population
16,978
Households
2.2
Avg Household Size
41
Median Age
53%
College-Educated
96%
High-School Grad
41.2 sq mi
ZIP Area
918
Density / Sq Mi
$94,200
Median Household Income
$49,008
Median Earnings
$1,685
Median Rent
$363,600
Median Home Value
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Car wash - Newly constructed automotive wash with a long-term absolute NNN lease along a major Wilmington retail corridor.
Where is this car wash located?
The property is located at 8005 Market Street Wilmington, NC.
What is the asking price?
The asking price for this property is $6,864,385.
What are key features of this property?
This property features: 2023‑built car wash with 3,536 square feet on 1.75 acres; 100% occupied under an absolute triple net lease; Approximately 17 years remain on the original 20‑year lease term
