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28234712

2259 NW Military Hwy, San Antonio, TX 78213

AD
NY NY #10401333620, NY 10401333620
CBRE - Orlando
AJ
FL Sl3405473
CBRE - Orlando
Listed by CBRE - Orlando
$4,959,450
114 days on market
Updated 18 days ago

Rapid Express Car Wash

Details
Property Type Retail, Special Purpose
Sub Type Car Wash
Square Footage 4,920
Cap Rate 6%
NOI $297,567
Occupancy 100%
Tenancy Single
Brand/Tenant Rapid Express Car Wash, Club Car Wash
Lease Type Absolute NNN
Lease Term 20
Remaining Term 20
Rent Bumps Yes
Price per SqFt $1,008
Year Built 2019
Acreage 0.750
Investment Type Sale/Leaseback
Tenant Credit Corporate Guarantee
Ground Lease No

Rapid Express Car Wash 20-Year Sale Leaseback | Over 296,000 Residents Within 5 Miles

Marketing description

CBRE is pleased to present the exclusive listing for the Rapid Express Car Wash located at 2259 NW Military Hwy, in San Antonio, TX. The site consists of 4,920 total square feet of building space and sits on 0.75 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 $297,567. 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).

2259 NW Military Highway is extremely well located due to its combined high traffic, strong demographics, and retail synergy in one of the city’s most established corridors. Located in Castle Hills, the site sits directly on NW Military Hwy, a heavily traveled arterial that connects dense residential neighborhoods with commercial hubs, ensuring a steady stream of daily commuters. The area’s demographics—solid middle-to-upper income households with high vehicle ownership—support recurring demand for car care and membership-based wash models. The property also benefits from excellent visibility, easy ingress/egress, and proximity to complementary retail and service businesses, which drive additional customer flow.

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 over 6 years

• Very experience operator with 46 locations and expanding aggressively

• Texas has NO STATE INCOME TAX

Listing Contacts

AD
NY NY #10401333620, NY 10401333620
CBRE - Orlando
AJ
FL Sl3405473
CBRE - Orlando
Listed by CBRE - Orlando

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Loan Amount
$0.00
Annual Debt Service
$--
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Annual Cash Flow
$297,567.00
$24,797.25/mo

Valuation Metrics

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DSCR
6%
Cap Rate
6%
ROI

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