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122 W Mile 3 Rd - ABS. NET 20-YR CAR WASH | BONUS DEPRECIATION 2,754 SF Specialty Building Offered at $5,509,389 at a 6.75% Cap Rate in Palmhurst, TX 78573
Investment Highlights
- 20 Year Absolute Net Lease (Zero Landlord Obligations) Featuring Favorable 1.5% Annual Rental Increases Throughout the Initial Term and Options.
- Service-Based, Internet Resistant, and Recession-Proof Investment Poised for Long-Term Success.
- Merger Creates the Largest Independent Car Wash Operator in Texas and Top 15 in the Nation. Strong Unit Economics and Consistent Membership Growth.
- 100% Bonus Depreciation - Fee Simple Ownership of a Car Wash Provides Significant Tax Savings to the Landlord via the Accelerated Bonus Depreciation.
- The Car Wash Business is a Highly Segmented $15 Billion Industry that is growing at 3.2% Annually.
- Immediate Area Experiencing Major Growth: Located in a Rapidly Growing Community with Robust Demographics.
Executive Summary
Absolute Net 20-Year Car Wash | #1 in Texas and Top 15 Nationally | 100% Bonus Depreciation | 1.5% Annual increases
Property Facts
| Price | $5,509,389 | Building Class | C |
| Price Per SF | $1,524.04 | Lot Size | 1.31 AC |
| Sale Type | Investment | Building Size | 3,615 SF |
| Cap Rate | 6.75% | No. Stories | 1 |
| Property Type | Specialty | Year Built | 2024 |
| Property Subtype | Car Wash |
| Price | $5,509,389 |
| Price Per SF | $1,524.04 |
| Sale Type | Investment |
| Cap Rate | 6.75% |
| Property Type | Specialty |
| Property Subtype | Car Wash |
| Building Class | C |
| Lot Size | 1.31 AC |
| Building Size | 3,615 SF |
| No. Stories | 1 |
| Year Built | 2024 |
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122 W Mile 3 Rd - ABS. NET 20-YR CAR WASH | BONUS DEPRECIATION
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