Listed by Marcus & Millichap - San Diego
$8,346,116
ABS NET 20YR CAR WASH | #1 TEXAS OPERATOR | ANNUAL INCREASES
Details
APN 764-10-008
Property Type Retail, Special Purpose
Sub Type Car Wash
Square Footage 3,615
Units 1
Cap Rate 5.75%
NOI $479,902
Tenancy Single
Brand/Tenant Bluewave Car Wash
Lease Term 20
Rent Bumps Yes
Class A
Year Built 2023
Stories 1
Acreage 1.260
Investment Type Net Lease
Tenant Credit Corporate Guarantee
Ground Lease No
Retail | 5.75% CAP | 3,615 SqFt
Marketing description
PLEASE VISIT THE PROPERTY WEBSITE TO DOWNLOAD FULL MARKETING PACKAGE:
https://themansourgroup.com/properties/310595/bluewave-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.
- Brand New High Quality Construction with Top of the Line Equipment. Fully Automated Car Wash System.
- 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 ClearWater Express Wash Creates 95+ Locations Nationwide Reinforces Long-Term Stability, Scale, and Growth Potential.
- Immediate Area Experiencing Major Growth: Located in a Rapidly Growing Community with Robust Demographics - Near Several Large Retail & Housing Developments / Under Construction.
- 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.
Listing Contacts
Listed by Marcus & Millichap - San Diego
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$479,902.00
$39,991.83/mo
Valuation Metrics
0
DSCR
5.75%
Cap Rate
5.75%
ROI
Map
Zoning
FB-C SpecialCorridor Form Based
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View all 72 uses
View all 72 uses Last updated Feb 4, 2026 For deeper zoning details, reports are available at Zoneomics
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