Zips Car Wash
8.00% Cap | Dallas-Fort Worth MSA
Marketing description
Arsenal Real Estate Advisors is pleased to exclusively offer for sale a NNN-leased ZIPS Car Wash located at 6221 Denton Highway in Haltom City, Texas. The offering features approximately 13.8 years of remaining lease term, attractive 1.50% annual rent increases, and an 8.00% cap rate. The property benefits from exceptional visibility along Denton Highway with traffic counts exceeding ±41,000 vehicles per day and convenient access to both Interstate 820 and I-35W, providing connectivity throughout the Dallas-Fort Worth Metroplex. Positioned within a dense retail corridor, the site is surrounded by numerous national retailers including Starbucks, Dunkin’, O’Reilly Auto Parts, Advance Auto Parts, and McDonald’s, 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 Haltom City 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
- 1.50% Annual Rent Increases
- Excellent Visibility in High Traffic Retail Corridor | ± 41,240 VPD along Denton Hwy
- Long-Term Passive NNN Investment
- ZIPS | National Car Wash Operator
- Below Replacement Cost Basis with Existing Operational Infrastructure
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