Listed by Marcus & Millichap - San Diego
$7,540,946
ABS NET 20YR CAR WASH | #1 TEXAS OPERATOR | ANNUAL INCREASES
Details
APN 16391-002-0150
Property Type Retail, Special Purpose
Sub Type Storefront, Auto Shop
Square Footage 3,215
Cap Rate 6.5%
NOI $490,162
Tenancy Single
Brand/Tenant Bluewave Car Wash
Lease Type Absolute NNN
Lease Term 20
Rent Bumps Yes
Class A
Year Built 2026
Acreage 0.830
Investment Type Net Lease
Tenant Credit Corporate Guarantee
Ground Lease No
Retail | 6.50% CAP | 3,215 SqFt
Marketing description
PLEASE VISIT THE PROPERTY WEBSITE TO DOWNLOAD FULL MARKETING PACKAGE
https://themansourgroup.com/properties/310657/bluewave-express-car-wash
Investment highlights
- 20 Year Absolute Net Lease (Zero Landlord Obligations) Featuring 1.5% Annual Rental Increases Throughout the Initial Term and Options. High Quality Construction with Top of the Line Equipment.
- 100% Bonus Depreciation - Fee Simple Ownership of a Car Wash Provides Significant Tax Savings to the Landlord via the Accelerated Bonus Depreciation Model.
- Merger Creates the Largest Independent Car Wash Operator in Texas and Top 15 in the Nation. Strategic Alliance with ClearWater Express Wash Creates 95+ Locations Nationwide.
- Strategically Positioned Near Interstate 10 within San Antonio’s Northwest Growth Corridor Providing Direct Connectivity to Downtown San Antonio and High Growth Hill Country Communities including Boerne and Leon Springs.
- Within Established and Highly Desirable Northwest San Antonio - Widely Recognized as One of the City’s Most Desirable Areas, Supported by Strong Demographics, Quality Housing, and Continued Residential Demand.
- 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.
- Affluent Trade Area Supported by $162k+ Average Household Incomes and Strong Residential Growth. Surrounded by High Income Communities with Continued Development Supporting Long-Term Demand for Convenience and Service-Oriented Retail Uses.
- Proximity to Major Employment Centers Supporting Daily Commuter Traffic - Accessible to Major Employers including USAA and Valero Energy, Supporting Consistent Commuter Patterns and Daytime Population Density. Minutes from La Cantera and The Rim, two of San Antonio’s Premier Retail and Entertainment Destinations. High Traffic Location Benefits from Strong Retail Synergy, Consumer Draw, and Regional Destination Shopping Patterns.
Listing Contacts
Listed by Marcus & Millichap - San Diego
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$490,162.00
$40,846.83/mo
Valuation Metrics
0
DSCR
6.5%
Cap Rate
6.5%
ROI
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