Listed by Marcus & Millichap - San Diego
$8,695,652
BLUEWAVE EXP CAR WASH | #1 TEXAS OPERATOR | ABSOLUTE NNN
Details
APN 841-66-038
Property Type Retail, Special Purpose
Sub Type Car Wash
Square Footage 3,615
Cap Rate 5.75%
NOI $500,000
Tenancy Single
Brand/Tenant Bluewave Car Wash
Lease Type Absolute NNN
Lease Term 20
Rent Bumps Yes
Class A
Year Built 2026
Stories 1
Investment Type Net Lease
Tenant Credit Corporate Guarantee
Ground Lease No
100% Bonus Depreciation | Service-Based, Internet Resistant, and Recession-Proof Investment
Marketing description
PLEASE VISIT THE PROPERTY WEBSITE TO DOWNLOAD FULL MARKETING PACKAGE:
https://themansourgroup.com/properties/310603/bluewave-express-car-wash
Investment highlights
- 20 Year Absolute Net Lease (Zero Landlord Obligations) Featuring 1.5% Annual Rental Increases Throughout the Initial Term and Options. High Quality Construction with Top of the Line Equipment. Fully Automated Car Wash System.
- 100% Bonus Depreciation - Fee Simple Ownership of a Car Wash Provides Significant Tax Savings to the Landlord via the Accelerated Bonus Depreciation Model. Recommend Consulting your Accountant or Tax Advisor.
- Merger Creates the Largest Independent Car Wash Operator in Texas and Top 15 in the Nation. Strategic Alliance with ClearWater Express Wash Creates 95+ Locations Nationwide Reinforces Long-Term Stability, Scale, and Growth Potential.
- Direct Access off US-101 - One of California’s most Heavily Traveled North-South Freeways, providing Effortless Access for Daily Commuters, Long-Haul Travelers, and Regional Traffic Passing Through Gilroy.
- Situated within a Proven, Grocery and Big-Box-Anchored Retail Corridor. The Property Benefits from Consistent Daily Traffic Generated by a Walmart Supercenter, Target, Safeway, Costco, Lowe’s and more - all within the Immediate Trade Area.
- 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.
- Directly Across from a Newly Constructed Chick-fil-A - One of America’s Highest-Volume Quick-Service Restaurant Brands, driving Continuous High-Frequency Traffic and Natural Customer Crossover to Neighboring Businesses.
- Affluent Area: Features an Average Household Income of $154k+ within a 5-Mile Radius, reflecting a Strong, High-Spending Consumer Base Well-Positioned to Support Premium Car Wash Membership and Service Tiers.
- Proximate to Gilroy Automall - Home to Toyota, Chevrolet, Cadillac, GMC, Nissan, Tesla, and More, drawing a High Volume of Vehicle-Focused Consumers, reinforcing the Broader Corridor as a Natural Destination for Car Wash Patronage.
Listing Contacts
Listed by Marcus & Millichap - San Diego
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$500,000.00
$41,666.67/mo
Valuation Metrics
0
DSCR
5.75%
Cap Rate
5.75%
ROI
Map
Zoning
CM MixedMixed UseCommercial Industrial
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View all 100 uses
View all 100 uses Last updated Jun 1, 2026 For deeper zoning details, reports are available at Zoneomics
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