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33524248
33524244

6221 Denton Highway, Haltom City, TX 76148

HS
CA CA 02092776
Arsenal Real Estate Advisors
SS
CA 02116683, UT 14240070-PB00 (+3)
Arsenal Real Estate Advisors
Listed by Arsenal Real Estate Advisors
$3,501,750
0 days on market
Updated 0 days ago

Zips Car Wash

Details
APN 40606902
Property Type Retail, Special Purpose
Sub Type Car Wash
Square Footage 4,382
Units 1
Cap Rate 8%
NOI $280,140
Occupancy 100%
Tenancy Single
Brand/Tenant Zips Car Wash
Lease Type Absolute NNN
Lease Term 15
Lease Expiration 03/31/2040
Remaining Term 13.8
Rent Bumps Yes
Lease Options 6, 5-Year
Year Built 2004
Stories 1
Acreage 0.770
Parking Spaces 15 spaces
Parking Per SqFt 3.42
Investment Type Net Lease
Tenant Credit Corporate Guarantee
Lease Commencement 04/01/2025
Ground Lease No

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

Listing Contacts

HS
CA CA 02092776
Arsenal Real Estate Advisors
SS
CA 02116683, UT 14240070-PB00 (+3)
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
$280,140.00
$23,345.00/mo

Valuation Metrics

0
DSCR
8%
Cap Rate
8%
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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