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33422941
33422943

3505 West Northwest Highway, Dallas, TX 75220

SS
CA 02116683, UT 14240070-PB00 (+3)
Arsenal Real Estate Advisors
HS
CA CA 02092776
Arsenal Real Estate Advisors
Listed by Arsenal Real Estate Advisors
$5,046,000
2 days on market
Updated 2 days ago

Zips Car Wash

Details
APN 00-00043-205-690-0000
Property Type Special Purpose
Sub Type Car Wash
Square Footage 3,704
Net Rentable (SqFt) 3,704
Units 1
Cap Rate 7%
NOI $353,220
Occupancy 100%
Tenancy Single
Lease Type Absolute NNN
Lease Term 15
Lease Expiration 03/31/2040
Remaining Term 13.8
Rent Bumps Yes
Lease Options 6, 5-Year
Broker Co-Op True
Year Built 2013
Buildings 1
Stories 1
Acreage 0.580
Investment Type Net Lease
Lease Commencement 04/01/2025
Ground Lease No

7.00% CAP | +/- 39,000 VPD

Marketing description

Arsenal Real Estate Advisors is pleased to exclusively offer for sale a NNN-leased ZIPS Car Wash located at 3505 W Northwest Highway in Dallas, TX. The offering features approximately 13.8 years of remaining lease term, attractive 1.50% annual rent increases, and a highly visible location along W Northwest Highway with traffic counts exceeding ±39,000 vehicles per day. The property benefits from its position within a dense retail corridor anchored by major national retailers including Walmart, Target, and Sam’s Club, which collectively drive significant consumer traffic to the surrounding trade area. Dallas-Fort Worth represents a strategically important operating market for ZIPS Car Wash, with the company headquartered in nearby Plano, TX and more than 10% of its nationwide store base located throughout the Metroplex. This property is part of a four-property ZIPS Car Wash portfolio, with Dallas included in a master lease structure alongside select companion assets. Contact Broker for additional information.

Investment highlights

  • 100% Bonus Depreciation Eligible
  • Strategic Home Market with Dense Operating Footprint | Plano, TX Corporate Headquarters
  • Dallas MSA | 4th Largest and Fastest-Growing MSA
  • Established Location with Proven Operating Performance
  • 1.50% Annual Rent Increases
  • Excellent Visibility in High Traffic Retail Corridor | ± 39,000 VPD along W Northwest Hwy
  • Long-Term Passive NNN Investment

Listing Contacts

SS
CA 02116683, UT 14240070-PB00 (+3)
Arsenal Real Estate Advisors
HS
CA CA 02092776
Arsenal Real Estate Advisors
Listed by Arsenal Real Estate Advisors

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Loan Amount
$0.00
Annual Debt Service
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Annual Cash Flow
$353,220.00
$29,435.00/mo

Valuation Metrics

0
DSCR
7%
Cap Rate
7%
ROI

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Additional Information

Name
Jon Nesbitt
License
TX 633814
Title
Broker of Record
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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