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Tenant Profiles

Tidal Wave Auto Spa

B+E > B+E INSIGHTS > Tenant Profiles > Tidal Wave Auto Spa
02/29/2024 By B+E

Tidal Wave Auto Spa

https://www.tidalwaveautospa.com/ | Golden Gate Capital

16
Number on Market

$5.3M
Average Price

19.7
Average Remaining Term (Years)

6.59%
Average Cap Rate

Tidal Wave Auto Spa Tenant Overview

Tidal Wave Auto Spa, founded in 2004, is an express auto wash chain headquartered in Thomaston, Georgia. After five years of operating as a small self-serve car wash, Tidal Wave opened its first express car wash and has since grown to over 140 locations. 

As Tidal Wave has grown, new sites were focused on the aesthetics of the business, ensuring that clean, attractive buildings and well-landscaped lots were an attraction that any community could be proud to host. Tidal Wave’s high-pressure washes use just 32 gallons of water per car, compared to 93 gallons when washing a car at home. The company generates the majority of its revenue through recurring membership subscriptions (65%). Tidal Wave is differentiated by its unique Unlimited Wash Club, which offers customers unbeatable value across an array of options, including exterior and interior cleaning, as well as a family plan. Recent openings by Tidal Wave include new locations in Madison, AL; Eagan, MN; and Bartlesville, OK, as of February 2023.

tidal wave

Tenant Data:

COMPANY Tidal Wave Auto Spa
Guarantor New Potato Creek Holdings
Ownership Private
Private Equity Partnership Golden Gate Capital
Headquarters Thomaston, GA
Locations (North America) ± 140
Regions Midwest, South, Northeast
Website https://www.tidalwaveautospa.com/
Average Tidal Wave Auto Spa Info
Number on Market 16
Average Price $5,264,537
Average Remaining Term 19.7 Years
Average Cap Rate 6.59%
Average NOI $345,950
Average PPSF $1,462
Average Building SF 3,625 SF
Average Lot Size 1.58 AC
AS OF 7/26/2023

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