Listed by Trinity Real Estate Investment Services
$3,152,835
Zips Car Wash
Details
Property Type Retail
Sub Type Auto Shop
Square Footage 3,759
Cap Rate 7.25%
NOI $228,581
Tenancy Single
Brand/Tenant Bluewave Car Wash
Lease Type Absolute NNN
Lease Term 7.1
Lease Expiration 05/31/2032
Remaining Term 5.9
Rent Bumps Yes
Lease Options Six (6), 5-Year; 2% Annually
Price per SqFt $839
Year Built 2021
Acreage 0.900
Investment Type Net Lease
Lease Commencement 05/02/2025
Ground Lease No
Retail | 7.25% CAP | 3,759 SqFt
Marketing description
Trinity Real Estate Investment Services is pleased to present the opportunity to acquire a Zips Car Wash in New Caney, TX. This property features a Houston MSA Zips Car Wash under an Absolute NNN lease with no landlord responsibilities, secured by 2% annual rent increases throughout the primary term and option periods.
Property Website: https://trinityreis.com/listing/23685-walton-ave/
Investment highlights
- Houston MSA Zips Car Wash in New Caney, TX
- Absolute NNN Lease With No Landlord Responsibilities
- 2% Rent Increases Every Year Throughout Primary Term and Options
- Corner Lot Along Walton Ave With Combined Traffic Counts of Nearly 13,000 VPD and Direct Access to I‑69 North Corridor Boasting 71,000+ VPD
- Directly Across From Walmart Supercenter With Co‑Tenancy From National Brands Including McDonald’s, Planet Fitness, AutoZone, Mavis, and Walgreens
- Explosive 5‑Mile Growth — 77,000 Residents, 97% Increase Since 2010, 19% Projected in 5 Years
- Affluent Area - $114K+ Average HH Incomes Within 5 Miles of Subject Property
- Located in Montgomery County Within Houston Metro Serving 7.8M+ Population
Listing Contacts
Listed by Trinity Real Estate Investment Services
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Loan Amount
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Annual Debt Service
$--
$--
Annual Cash Flow
$228,581.00
$19,048.42/mo
Valuation Metrics
0
DSCR
7.25%
Cap Rate
7.25%
ROI
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