Listed by Marcus & Millichap - San Diego
$5,676,295
ABS. NET 20-YR CAR WASH | #1 IN TEXAS & TOP 15 NATIONALLY
Details
APN 819800010130
Property Type Retail, Land
Sub Type Car Wash
Square Footage 4,954
Units 1
Cap Rate 6.10%
NOI $346,254
Tenancy Single
Brand/Tenant Bluewave Car Wash
Lease Term 20
Rent Bumps Yes
Class A
Year Built 2023
Acreage 1.340
Investment Type Net Lease
Tenant Credit Corporate Guarantee
Ground Lease No
Retail | 6.10% CAP | 4,954 SqFt
Marketing description
PLEASE VISIT THE PROPERTY WEBSITE TO DOWNLOAD FULL MARKETING PACKAGE:
https://themansourgroup.com/properties/310533/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 23 Vacuum Bays.
- Immediate Area Experiencing Major Growth: Located in a Rapidly Growing Community with Robust Demographics - Near Several Large Retail & Housing Developments / Under Construction.
Listing Contacts
Listed by Marcus & Millichap - San Diego
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$346,254.00
$28,854.50/mo
Valuation Metrics
0
DSCR
6.1%
Cap Rate
6.1%
ROI
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