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16602 El Camino Real - Tommy's Express Car Wash 6,143 SF Specialty Building Offered at $8,922,900 at a 8% Cap Rate in Houston, TX 77062
Investment Highlights
- 8.00% Cap Rate
- #1 Franchiser of Express Wash
- 100% Bonus Depreciation
Executive Summary
• Single-Tenant Tommy’s Express Car Wash:
° Private equity backed, rapidly growing franchisee
° Absolute NNN Lease, zero landlord responsibilities
° 18+ year Lease term with four, 5-year options
° 2.00% annual increases for the first four years
• About Tommy’s Express:
° 260 locations with 60+ coming soon
° #7 largest express car wash platform in the nation
° 50+ years in the car wash business
° #1 car wash on Franchise 500’s List
• Franchisee Expanding Rapidly in Houston
° Private equity backed, rapidly growing franchisee
° Absolute NNN Lease, zero landlord responsibilities
° 18+ year Lease term with four, 5-year options
° 2.00% annual increases for the first four years
• About Tommy’s Express:
° 260 locations with 60+ coming soon
° #7 largest express car wash platform in the nation
° 50+ years in the car wash business
° #1 car wash on Franchise 500’s List
• Franchisee Expanding Rapidly in Houston
Property Facts
| Price | $8,922,900 | Property Subtype | Car Wash |
| Price Per SF | $1,452.53 | Building Class | B |
| Sale Type | Investment NNN | Lot Size | 1.25 AC |
| Cap Rate | 8% | Building Size | 6,143 SF |
| Sale Condition | Build to Suit | No. Stories | 1 |
| Property Type | Specialty | Year Built | 2024 |
| Price | $8,922,900 |
| Price Per SF | $1,452.53 |
| Sale Type | Investment NNN |
| Cap Rate | 8% |
| Sale Condition | Build to Suit |
| Property Type | Specialty |
| Property Subtype | Car Wash |
| Building Class | B |
| Lot Size | 1.25 AC |
| Building Size | 6,143 SF |
| No. Stories | 1 |
| Year Built | 2024 |
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Moderately walkable
70/100
Very drivable
80/100
Limited public transit
20/100
Moderately bikeable
60/100
Property Taxes
| Parcel Number | 1162910000001 | Improvements Assessment | $1,188,177 |
| Land Assessment | $650,760 | Total Assessment | $1,838,937 |
Property Taxes
Parcel Number
1162910000001
Land Assessment
$650,760
Improvements Assessment
$1,188,177
Total Assessment
$1,838,937
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