Listed by Marcus & Millichap - San Diego
$6,857,610
CLEARWATER CAR WASH | #1 IN TEXAS | ABSOLUTE NNN
Details
APN 549212
Property Type Retail, Special Purpose
Sub Type Storefront, Car Wash
Square Footage 4,954
Cap Rate 6.75%
NOI $462,889
Tenancy Single
Brand/Tenant Bluewave Car Wash
Lease Type Absolute NNN
Lease Term 20
Rent Bumps Yes
Class A
Year Built 2023
Acreage 1.250
Investment Type Net Lease
Ground Lease No
Retail | 6.75% CAP | 4,954 SqFt
Marketing description
PLEASE VISIT THE PROPERTY WEBSITE TO DOWNLOAD FULL MARKETING PACKAGE:
https://themansourgroup.com/properties/310534/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 90’ Tunnel, Double Lane Pay-Stations and 14 Vacuum Bays.
- Directly Across from Pine Market - Offers 40-Acres of Retail and Service options including Harvest Market as well as Boutiques, Fitness Centers, and Restaurants.
- Highly Affluent Houston Suburb: Features an Average Household Income of over $162k (more than twice the National Average) within a 3-Mile Radius. Within Woodforest 90-Acre Master Plan - Devoted to Commercial Development such as Schools, a Gas Station, a Pharmacy, Restaurants, Medical Offices, Fitness Facilities, Salons, and more at The Shops at Woodforest and Pine Market.
Listing Contacts
Listed by Marcus & Millichap - San Diego
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$462,889.00
$38,574.08/mo
Valuation Metrics
0
DSCR
6.75%
Cap Rate
6.75%
ROI
Map
Zoning
GC CommercialGeneral CommercialGeneral Commercial
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View all 68 uses Last updated Jan 6, 2026 For deeper zoning details, reports are available at Zoneomics
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