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1135 S Loop 288 - Take 5 Car Wash 5,222 SF Specialty Building Offered at $5,490,016 at a 6.15% Cap Rate in Denton, TX 76205
Investment Highlights
- Lease Guaranteed By Whistle Express | Largest Car Wash Operator In America | The lease is backed by Whistle Express
- Located in the Dallas–Fort Worth MSA | Tax Free State | Positioned in one of the most sought-after and fastest-growing markets in the United States
- Bonus Depreiciation | This property offers 100% bonus depreciation, offering notable tax advantages in the early years of ownership
- Outstanding Demographics | Within a 5-mile radius, the population exceeds 177,000 residents with average household incomes approaching $90,000
Executive Summary
Surmount is pleased to present the exclusive listing for a Take 5 Car Wash located at 1135 South Loop 288, Denton, Texas 76208. The site consists of roughly 5222 rentable square feet of building space on an estimated 2.15-acre parcel of land. This Take 5 Car Wash is subject to a 20-year Triple Net (NNN) lease, which commenced 3/21/2022. The current annual rent is $337,636 and has scheduled increases of 1.75% Annually.
Property Facts
| Price | $5,490,016 | Building Class | C |
| Price Per SF | $1,051.32 | Lot Size | 2.15 AC |
| Sale Type | Investment | Building Size | 5,222 SF |
| Cap Rate | 6.15% | No. Stories | 1 |
| Property Type | Specialty | Year Built | 2010 |
| Property Subtype | Car Wash | ||
| Zoning | Commercial | ||
| Price | $5,490,016 |
| Price Per SF | $1,051.32 |
| Sale Type | Investment |
| Cap Rate | 6.15% |
| Property Type | Specialty |
| Property Subtype | Car Wash |
| Building Class | C |
| Lot Size | 2.15 AC |
| Building Size | 5,222 SF |
| No. Stories | 1 |
| Year Built | 2010 |
| Zoning | Commercial |
Property Taxes
| Parcel Number | R315384 | Improvements Assessment | $1,359,074 |
| Land Assessment | $840,926 | Total Assessment | $2,200,000 |
Property Taxes
Parcel Number
R315384
Land Assessment
$840,926
Improvements Assessment
$1,359,074
Total Assessment
$2,200,000
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1135 S Loop 288 - Take 5 Car Wash
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