Listed by SURMOUNT
$5,563,671
Gleaux Car Wash
Details
Property Type Retail, Special Purpose
Sub Type Car Wash
Square Footage 2,928
Cap Rate 7%
NOI $389,457
Occupancy 100%
Tenancy Single
Lease Type NNN
Lease Term 20
Lease Expiration 08/31/2042
Remaining Term 16.2
Rent Bumps Yes
Lease Options 4, 5-Year Options
Year Built 2013
Acreage 1.310
Investment Type Net Lease
Tenant Credit Corporate Guarantee
Lease Commencement 08/22/2022
Ground Lease No
Ownership Fee Simple
About This Property
Marketing description
Surmount is pleased to present the exclusive listing for a Gleaux Car Wash located at 2017 South Broadway Avenue, Tyler, TX 75701. The site consists of roughly 2,928 rentable square
feet of building space on an estimated 1.31-acre parcel of land. Gleaux Car Wash is subject to a 20.04-year Triple Net (NNN) lease, which commenced 8/22/2022. The current annual rent
is $389,457 and has scheduled increases of 2.00% Annually.
Investment highlights
- Absolute Triple Net Lease with No Landlord Responsibilities | 20-year triple net lease with over 16 years remaining on the lease with four 5-year renewal options, creating durable income and long term value.
- 241,922 MSA Population | The Tyler metropolitan area anchors a regional population of nearly 242,000 residents, firmly establishing Tyler as the commercial and economic center of East Texas. As the dominant retail, healthcare, and employment hub for the surrounding region, Tyler draws consumers not only from within city limits but from a broad network of smaller surrounding communities that lack comparable commercial infrastructure.
- Robust Traffic Counts | Exceptional Visibility | Positioned along South Broadway Avenue with 27,000+ VPD, the site offers the high visibility, high-traffic exposure essential to car wash performance and consumer-facing retail.
- Attractive 2% Annual Rental Increases | The lease includes 2% annual rent increases during the 20-year base term. This predictable escalation structure supports long-term income growth and provides a hedge against inflation.
Listing Contacts
Listed by SURMOUNT
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$389,457.00
$32,454.75/mo
Valuation Metrics
0
DSCR
7%
Cap Rate
7%
ROI
Map
Zoning
C-1 CommercialSpecial CommercialLight Commercial District
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View all 312 uses Last updated May 7, 2026 For deeper zoning details, reports are available at Zoneomics
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Property History
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