Rapid Express Car Wash
Rapid Express Car Wash | 20-Year NNN Sale Leaseback | 100% Bonus Depreciation
Marketing description
CBRE is pleased to present the exclusive listing for the Rapid Express Car Wash located at 21315 TX-130 in Pflugerville, TX. The site consists of 4,600 total square feet of building space and sits on 1.28 acres of land. The site will be subject to a 20 year sale-leaseback with Rapid Express Car Wash. Starting in year one, the base rent shall be $343,402. The lease will call for 1.50% annual rental escalations during the base term and throughout the (4) five-year renewal option periods (40 year total term).
The subject property is extremely well located due to it’s highway visibility, rapid market growth, and strong demographics. Positioned directly on TX-130, a major tollway that carries heavy commuter and regional traffic, the site captures both daily local drivers and through-traffic heading into the Austin metro. Pflugerville itself is one of the fastest-growing suburbs of Austin, fueled by new residential developments, industrial expansion, and rising household incomes—all of which translate into more vehicles and higher demand for recurring car care. The area’s family-oriented demographics, with multiple cars per household, align perfectly with membership-based wash models.
Investment highlights
• 20-Year Sale-Leaseback
• Absolute NNN – No landlord management obligations
• Fixed rental increases throughout the entire lease including options
• High traffic site with excellent visibility
• This location has been in operation for just about 4 years and is performing
extremely well
• Very experience operator with 46 locations and expanding aggressively
• Texas has NO STATE INCOME TAX
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