Lorient's Pulaski, Tennessee, car wash is leased to Tidal Wave Auto Spa under a 20-year absolute net lease running to December 2042, with 2.0% annual rent escalations and five five-year renewal options.
The lease structure minimizes landlord responsibilities entirely while providing durable rent supported by a necessity-based service business. The tenant owns and operates its own equipment and is free to continue paying rent whether or not it operates, which protects the income stream through any change in the tenant's plans.
Together with the Grand Forks location, Pulaski gives Lorient exposure to one of the strongest operators in the express car wash sector on identical, institutionally underwritten lease terms.
More net lease
Keep looking
Net leaseSgt. Clean's Car Wash, Strongsville
18534 Pearl Road, Strongsville, Ohio
Veteran-owned regional operator on a 20-year NNN lease with 2% annual bumps, in a dense retail corridor off I-71.
Net leaseTidal Wave Auto Spa, Grand Forks
1750 South Columbia Road, Grand Forks, North Dakota
National subscription-model operator on a 20-year absolute net lease, acquired in December 2025.
Net leaseEl Car Wash, Riviera Beach
34 Blue Heron Boulevard, Riviera Beach, Florida
December 2025 sale-leaseback with South Florida's leading express wash brand, 20 years absolute net.