Listed by Marcus & Millichap - San Diego
$4,665,244
ABS NET 20YR CAR WASH | #1 TEXAS OPERATOR | ANNUAL INCREASES
Details
APN 44811R7-089-001R0
Property Type Retail, Special Purpose
Sub Type Car Wash
Square Footage 3,615
Units 2
Cap Rate 6.75%
NOI $314,904
Tenancy Single
Brand/Tenant Bluewave Car Wash
Lease Type Absolute NNN
Lease Term 20
Rent Bumps Yes
Class A
Year Built 2025
Acreage 0.900
Investment Type Net Lease
Tenant Credit Corporate Guarantee
Ground Lease No
Retail | 6.75% CAP | 3,615 SqFt
Marketing description
PLEASE VISIT THE PROPERTY WEBSITE TO DOWNLOAD FULL MARKETING PACKAGE:
https://themansourgroup.com/properties/310598/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
$314,904.00
$26,242.00/mo
Valuation Metrics
0
DSCR
6.75%
Cap Rate
6.75%
ROI
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