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28850839
28850705

170 N Kenazo Ave, Horizon City, TX 79928

LC
TN TN 365272
Matthews
BG
TN, TN 356957
Matthews
CS
TN 361676, TX 693140
Matthews
CL
TN 386440
Matthews
Listed by Matthews
$1,600,000
198 days on market
Updated 3 days ago

Tsunami Car Wash

Details
APN E074-000-0020-0150
Property Type Special Purpose
Sub Type Car Wash
Square Footage 5,687
Net Rentable (SqFt) 5,687
Units 1
Price per SqFt $281
Broker Co-Op Yes
Year Built 2016
Acreage 1.580
Zoning Commercial / Special Purpose
Ownership Fee Simple

Owner/User Opportunity | Below Replacement Cost | Upside Potential

Investment highlights

Owner/User Opportunity – Opportunity to acquire the building, business and underlying real estate.

Low Competition – This site has little express wash competition in its direct market allowing for additional upside from new owner.

Strong Exposure – The property is positioned across the street from 2 large shopping centers and has great access from Kenazo Ave which see’s over 11,000 Vehicles Per Day.

Attractive Price point – The offering price reflects the existing business's profitability and potential for future growth while still being below replacement cost allowing for cash flow from day 1.

Ideal Lot Size/Layout – The property is positioned on 1.00 acre of land and has an ideal layout which allows for a high-volume site and future growth.

Site Positioning – Tsunami Car Wash is directly in front of a large residential development with multiple other neighborhood projects in the immediate area.

Market Growth – Horizon City's population has increased by 11.28% since 2020 with an annual growth rate of 2.07%. The city is undergoing a building boom, with plans for 8,000 new homes and an anticipated influx of 10,000 new residents over the next five years

Qualifies For Bonus Depreciation – Car washes qualify for bonus depreciation which can allow for much higher returns on investments and significant tax savings. *Please consult a CPA for further details

Listing Contacts

LC
TN TN 365272
Matthews
BG
TN, TN 356957
Matthews
CS
TN 361676, TX 693140
Matthews
CL
TN 386440
Matthews
Listed by Matthews

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Additional Information

Name
Patrick Graham
License
528005, 9005919 (TX)
Brokerage
Matthews Real Estate Investment Services, Inc
Brokerage Phone
(866) 889-0550
Title
Broker of Record
Brokerage Address
2699 Howell St., Suite 400, Dallas, TX 75204
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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