ABS. NET 20-YR CAR WASH | #1 IN TEXAS & TOP 15 NATIONALLY
Retail | 6.10% CAP | 5,444 SqFt
Marketing description
PLEASE VISIT THE PROPERTY WEBSITE TO DOWNLOAD FULL MARKETING PACKAGE:
https://themansourgroup.com/properties/309869/clearwater-express-car-wash
Investment highlights
20 Year Absolute Net Lease (Zero Landlord Obligations) Featuring Favorable 1.5% Annual Rental Increases Throughout the Initial Term and Options.
100% Bonus Depreciation - Fee Simple Ownership of a Car Wash Provides Significant Tax Savings to the Landlord via the Accelerated Bonus Depreciation Model.
Service-Based, Internet Resistant, and Recession-Proof Investment Poised for Long-Term Success: The Car Wash Business is a Highly Segmented $15 Billion Industry that is growing at 3.2% Annually.
Merger Creates the Largest Independent Car Wash Operator in Texas and Top 15 in the Nation. Backed by Strong Unit Economics and Consistent Membership Growth. Strategic Alliance with BlueWave Express Creates 90+ Locations Nationwide Reinforces Long-Term Stability, Scale, and Growth Potential.
Brand New High Quality Construction with Top of the Line Equipment. Fully Automated Car Wash System Featuring 180’ Tunnel, Four-Lane Pay-Stations and 33 Vacuum Bays.
Immediate Area Experiencing Major Growth: Located in a Rapidly Growing Community with Robust Demographics - Near Several Large Retail & Housing Developments / Under Construction.
Adjacent to Buc-ee’s and Numerous other National Retailers including Hobby Lobby, Academy Sports + Outdoors, Ross Dress for Less, Petco, Marshalls, Rack Room and many more.
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