• Single Tenant Tidal Wave Auto Spa:
∘ Corporately guaranteed lease by Tidal Wave
∘ Absolute NNN Lease with zero landlord responsibilities
∘ 19-years remaining on initial lease term with four 5-year options
∘ 2.0% annual increases during primary term and options
• About Tidal Wave Auto Spa:
∘ Institutionally Backed National Operator: Golden Gate Capital-backed express car wash platform
with significant private equity sponsorship supporting continued growth. (with a LINK TO ARTICLE)
∘ Top-Tier Express Wash Platform: One of the largest and fastest-growing conveyor car wash
operators in the U.S., with a national footprint exceeding 300 locations across 30 states.
∘ Established Operating History: Founded in 1999 with 25+ years of express car wash operating
experience and brand development.
∘ Scaled Growth Strategy: Rapidly expanding through a combination of greenfield development,
acquisitions, and continued unit-level operational execution.
∘ Founder-Led Platform: Founder/CEO Scott Blackstock remains involved in the business following
the company’s recapitalization, providing continuity alongside institutional growth capital.
Tenancy: Tidal Wave Auto Spa
Building Size: 3,917
Lease Expiration: 11/29/2045
Rental Increases: 2.00% Annual

