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- LoopNet Team
1021 W William Cannon Dr
Austin, TX 78745
Genie Car Wash · Specialty Property For Sale
·
4,500 SF
INVESTMENT HIGHLIGHTS
- 7.50% Cap Rate Freestanding, Full Service & Self Service Car Wash Located in Extremely Desirable Austin, TX
- Covered Land Play at $52.47 PSF to the Dirt (1.75 AC, 76,230 SF)
- Signalized Intersection with Traffic Counts Over 36,000 VPD on William Cannon Drive
- New 5-Year Year NNN Lease with 3% Annual Rent Bumps; Two, 5-Year Options
PROPERTY FACTS
| Property Type | Specialty | No. Stories | 1 |
| Property Subtype | Car Wash | Year Built | 1986 |
| Building Class | C | Tenancy | Single |
| Lot Size | 1.75 AC | No. Drive In / Grade-Level Doors | 10 |
| Building Size | 4,500 SF | ||
| Zoning | CS | ||
| Property Type | Specialty |
| Property Subtype | Car Wash |
| Building Class | C |
| Lot Size | 1.75 AC |
| Building Size | 4,500 SF |
| No. Stories | 1 |
| Year Built | 1986 |
| Tenancy | Single |
| No. Drive In / Grade-Level Doors | 10 |
| Zoning | CS |
ABOUT 1021 W WILLIAM CANNON DR , AUSTIN, TX 78745
Genie Car Wash is a locally owned and operated 4,500 square foot full-service & self-service car wash located in the extremely desirable Austin, Texas. Fronting the well-travelled William Cannon Drive, the Property sits on 1.75 acres of land just 2 minutes from South Congress Avenue and less than 15 minutes from Downtown Austin. Genie Car Wash has a new, five-year NNN lease in place with 3%annual rent escalations and two, 5-year options. Priced at an attractive 9.00% cap rate, the Property also provides long term value as a covered land play at $52.47 per square foot to the dirt.
PROPERTY TAXES
| Parcel Number | 330132 | Improvements Assessment | $1,005,490 |
| Land Assessment | $1,524,600 | Total Assessment | $2,530,090 |
PROPERTY TAXES
