Listed by Trinity Real Estate Investment Services
$5,415,385
Super Star Car Wash
Details
Property Type Retail, Special Purpose
Sub Type Auto Shop, Car Wash
Square Footage 5,457
Units 1
Cap Rate 6.5%
NOI $352,000
Occupancy 100%
Tenancy Single
Brand/Tenant Bluewave Car Wash, Super Star Car Wash
Lease Type Absolute NNN
Lease Term 25
Lease Expiration 05/31/2048
Remaining Term 22.3
Rent Bumps Yes
Lease Options Three (3), 5-Year, 10%
Price per SqFt $992
Buildings 1
Acreage 1.030
Investment Type Net Lease
Tenant Credit Corporate Guarantee
Lease Commencement 06/01/2023
Ground Lease No
Ownership Fee Simple
Retail | 6.50% CAP | 5,457 SqFt
Marketing description
Trinity Real Estate Investment Services is pleased to present the opportunity to acquire a Super Star Car Wash in Carrollton, TX. The subject property is located in Dallas-Fort Worth Metropolex and is 8 miles from Headquarters Drive. It is surrounded by dense apartments, established retail neighborhoods, and schools driving consistent area traffic.
Property Website: https://trinityreis.com/listing/1604-w-hebron-pkwy/
Investment highlights
- NNN Lease Super Star Car Wash with 22 Years Remaining on Primary Term
- Attractive 10% Rent Increases Every 5 Years
- Excellent Visibility and Access Along W. Hebron Pkwy Near the Sam Rayburn Tollway, with Combined Traffic Counts of Approximately 73,000 Vehicles per day
- Healthy 5-Mile Demographics of 252,487 Residents
- Affluent Community with Average Household Income of $130,141 in a 1 Mile Radius
- Surrounded by Dense Apartments, Established Residential Neighborhoods, and Schools Driving Consistent Area Traffic
- Located in the Dallas-Fort Worth Metroplex, one of the Fastest Growing MSAs in the U.S., with an Estimated Population of 8.3 Million
- Super Star Car Wash is a Well-Established, Rapidly Expanding National Operator Serving Customers Since 1993
- 8 Miles from Headquarters Drive, a Central Business Hub for Major Company Headquarters Including PepsiCo Foods, Intuit, Toyota Motor North America, AT&T, Frito-Lay, JPMorgan Chase & Liberty Mutual, and FedEx
Listing Contacts
Listed by Trinity Real Estate Investment Services
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$352,000.00
$29,333.33/mo
Valuation Metrics
0
DSCR
6.5%
Cap Rate
6.5%
ROI
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