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10345 Highway 242 - ABS. NET 20-YEAR CAR WASH | #1 TEXAS OPERATOR 3,576 SF Specialty Building Offered at $3,618,819 at a 6.10% Cap Rate in Conroe, TX 77385
INVESTMENT HIGHLIGHTS
- 20 Year Absolute Net Lease (Zero Landlord Obligations) Featuring Favorable 1.5% Annual Rental Increases Throughout the Initial Term and Options.
- Merger Creates the Largest Independent Car Wash Operator in Texas and Top 15 in the Nation.
- Brand New High Quality Construction with Top of the Line Equipment. Fully Automated Car Wash System.
- 100% Bonus Depreciation - Fee Simple Ownership of a Car Wash Provides Significant Tax Savings to the Landlord via the Accelerated Bonus Depreciation.
- Strategic Alliance with ClearWater Express Wash Creates 95+ Locations Nationwide Reinforces Long-Term Stability, Scale, and Growth Potential.
- Service-Based, Internet Resistant, and Recession-Proof Investment Poised for Long-Term Success: The Car Wash Business is a Highly Segmented Industry.
EXECUTIVE SUMMARY
Absolute Net 20-Year Car Wash | #1 Texas Operator | 100% Year End Bonus Depreciation Tax Savings | 1.5% Annual increases
PROPERTY FACTS
| Price | $3,618,819 | Building Class | B |
| Price Per SF | $1,091.98 | Lot Size | 0.97 AC |
| Sale Type | Investment | Building Size | 3,314 SF |
| Cap Rate | 6.10% | No. Stories | 1 |
| Property Type | Specialty | Year Built | 2019 |
| Property Subtype | Car Wash |
| Price | $3,618,819 |
| Price Per SF | $1,091.98 |
| Sale Type | Investment |
| Cap Rate | 6.10% |
| Property Type | Specialty |
| Property Subtype | Car Wash |
| Building Class | B |
| Lot Size | 0.97 AC |
| Building Size | 3,314 SF |
| No. Stories | 1 |
| Year Built | 2019 |
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PROPERTY TAXES
| Parcel Number | 9034-90-00100 | Improvements Assessment | $2,149,108 |
| Land Assessment | $760,793 | Total Assessment | $2,909,901 |
PROPERTY TAXES
Parcel Number
9034-90-00100
Land Assessment
$760,793
Improvements Assessment
$2,149,108
Total Assessment
$2,909,901
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10345 Highway 242 - ABS. NET 20-YEAR CAR WASH | #1 TEXAS OPERATOR
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