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30089573
30089574

809 W Henderson St, Cleburne, TX 76033 For Sale

AM
TX 0606255, CA 01391653
Marcus & Millichap - San Diego
JT
CA 02031343
Marcus & Millichap - San Diego
Listed by Marcus & Millichap - San Diego
$8,188,024
135 days on market
Updated 13 days ago

ABS NET 20YR CAR WASH | #1 TEXAS OPERATOR | ANNUAL INCREASES

Details
Property Type Retail, Special Purpose
Sub Type Car Wash, Storefront
Square Footage 4,807
Cap Rate 6.85%
NOI $560,880
Tenancy Single
Brand/Tenant Bluewave Car Wash, ClearWater Express Wash
Lease Type Absolute NNN
Lease Term 20
Rent Bumps Yes
Class A
Year Built 2023
Acreage 0.720
Investment Type Net Lease
Tenant Credit Corporate Guarantee

Retail | 6.85% CAP | 4,807 SqFt

Marketing description

PLEASE VISIT THE PROPERTY WEBSITE TO DOWNLOAD FULL MARKETING PACKAGE:

https://themansourgroup.com/properties/309785/clearwater-express-car-wash

Investment highlights

  • 20 Year Absolute Net Lease (Zero Landlord Obligations) Featuring Favorable 1.5% Annual Rental Increases Throughout the Initial Term and Options.

  • 100% Bonus Depreciation - Fee Simple Ownership of a Car Wash Provides Significant Tax Savings to the Landlord via the Accelerated Bonus Depreciation Model.

  • Service-Based, Internet Resistant, and Recession-Proof Investment Poised for Long-Term Success: The Car Wash Business is a Highly Segmented $15 Billion Industry that is growing at 3.2% Annually.

  • Merger Creates the Largest Independent Car Wash Operator in Texas and Top 15 in the Nation. Backed by Strong Unit Economics and Consistent Membership Growth. Strategic Alliance with BlueWave Express Creates 90+ Locations Nationwide Reinforces Long-Term Stability, Scale, and Growth Potential.

  • Brand New High Quality Construction with Top of the Line Equipment. Fully Automated Car Wash System Featuring 125’ Tunnel, Dual Lane Pay-Stations and 16 Vacuum Bays.

  • Minutes from Cleburne Regional Airport - a City-Owned, Public-use Airport with more than 33,000 General Aviation Aircraft Operations, an Average of 90 per Day.

  • In Close Proximity to Texas Health Harris Methodist Hospital Cleburne - A Full-Service, 135-Bed Acute Care Facility serving Cleburne and the Johnson County area.

  • Adjacent to Chick-fil-A and near Numerous other National Retailers including H-E-B, CVS Pharmacy, Walmart Supercenter, Kroger, tractor Supply, Walgreens and many more. Near Numerous Schools including Cleburne High School (1,955+ Students), providing for an Increased Potential Customer Base due to the Daily Commute of Parents, Students, and Teachers.

Listing Contacts

AM
TX 0606255, CA 01391653
Marcus & Millichap - San Diego
JT
CA 02031343
Marcus & Millichap - San Diego
Listed by Marcus & Millichap - San Diego

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Loan Amount
$0.00
Annual Debt Service
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Annual Cash Flow
$560,880.00
$46,740.00/mo

Valuation Metrics

0
DSCR
6.85%
Cap Rate
6.85%
ROI

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