Listed by Marcus & Millichap - San Diego
$6,857,919
CLEARWATER EXP CAR WASH | #1 IN TEXAS OPERATOR | ABS NNN
Details
Property Type Retail, Special Purpose
Sub Type Storefront, Car Wash
Square Footage 4,960
Units 1
Cap Rate 6.25%
NOI $428,620
Tenancy Single
Lease Type Absolute NNN
Lease Term 20
Rent Bumps Yes
Class A
Year Built 2022
Acreage 1.000
Investment Type Net Lease
Ground Lease No
Retail | 6.25% CAP | 4,960 SqFt
Marketing description
PLEASE VISIT THE PROPERTY WEBSITE TO DOWNLOAD FULL MARKETING PACKAGE:
https://themansourgroup.com/properties/309781/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.
- Immediate Area Experiencing Major Growth: Located in a Rapidly Growing Community with Robust Demographics - Near Several Large Retail & Housing Developments / Under Construction.
- Brand New High Quality Construction with Top of the Line Equipment. Fully Automated Car Wash System Featuring 140’ Tunnel, Four-Lane Pay-Stations and 22 Vacuum Bays.
Listing Contacts
Listed by Marcus & Millichap - San Diego
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$428,620.00
$35,718.33/mo
Valuation Metrics
0
DSCR
6.25%
Cap Rate
6.25%
ROI
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