Gleaux Car Wash | Tyler, TX
High Traffic Intersection Location (59,585+ VPD) | 100% Bonus Depreciation Eligible | 7.25% CAP
Marketing description
AiCRE Partners, as exclusive investment sales advisor to seller, is pleased to offer the opportunity to acquire the fee simple interest of Gleaux Car Wash in Tyler, TX.
The subject property features a 3,324 SF car wash facility on a 1.01 AC lot. Positioned at the signalized intersection of S Broadway Ave & Grande Blvd, a lighted intersection with two Broadway curb cuts and four total access points— maximum visibility and vehicle ingress/egress. There are over 41,600 VPD on S. Broadway and the site is surrounded by national retailers like Walmart, Best Buy, Marshall’s, Petsmart, Target, Chick-Fil-A, Starbucks, Lowe’s, and Home Depot—this sustains high customer volume for the tenant.
Investment highlights
QUALIFIES FOR 100% BONUS DEPRECIATION: The property is eligible for 100% bonus depreciation, providing investors with substantial tax benefits during the initial years of ownership. This incentive boosts after-tax cash flow and investment returns.
ABSOLUTE NNN LEASE WITH STRONG REGIONAL TENANT: The property has approximately 15 years remaining on a 20-year absolute triple-net (NNN) lease with both personal (HNW) and corporate guarantees, ensuring zero landlord responsibilities and stable, passive income.
PRIME HIGH TRAFFIC LOCATION: Positioned at the signalized intersection of S. Broadway Avenue and W Grande Blvd which sees combined traffic counts of 59,485+ VPD with exceptional exposure and ease of access.
DENSELY POPULATED & GROWING TRADE AREA: There are approximately 99,378 people living within 5 miles which is projected to grow to 108,160 over the next 5 years providing a large and reliable customer base.
EXCELLENT RETAIL SYNERGY: The property benefits from its proximity to Walmart Supercenter, Target, Broadway Crossing (384,000 SF of Power Center), Broadway Square (630,000 SF Shopping Mall), all of which drive a ton of traffic to the site.
INCOME TAX FREE STATE: Texas is an income tax free state, further enhancing after-tax investment returns.
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