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170 N Kenazo Ave - Tsunami Car Wash 5,100 SF Specialty Building Offered at $1,600,000 at a 12.50% Cap Rate in Horizon City, TX 79928
Executive Summary
Owner/User Opportunity | Below Replacement Cost | Upside Potential
Investment highlights
Owner/User Opportunity – Opportunity to acquire the building, business and underlying real estate.
Low Competition – This site has little express wash competition in its direct market allowing for additional upside from new owner.
Strong Exposure – The property is positioned across the street from 2 large shopping centers and has great access from Kenazo Ave which see’s over 11,000 Vehicles Per Day.
Attractive Price point – The offering price reflects the existing business's profitability and potential for future growth while still being below replacement cost allowing for cash flow from day 1.
Ideal Lot Size/Layout – The property is positioned on 1.00 acre of land and has an ideal layout which allows for a high-volume site and future growth.
Site Positioning – Tsunami Car Wash is directly in front of a large residential development with multiple other neighborhood projects in the immediate area.
Market Growth – Horizon City's population has increased by 11.28% since 2020 with an annual growth rate of 2.07%. The city is undergoing a building boom, with plans for 8,000 new homes and an anticipated influx of 10,000 new residents over the next five years
Qualifies For Bonus Depreciation – Car washes qualify for bonus depreciation which can allow for much higher returns on investments and significant tax savings. *Please consult a CPA for further details
Investment highlights
Owner/User Opportunity – Opportunity to acquire the building, business and underlying real estate.
Low Competition – This site has little express wash competition in its direct market allowing for additional upside from new owner.
Strong Exposure – The property is positioned across the street from 2 large shopping centers and has great access from Kenazo Ave which see’s over 11,000 Vehicles Per Day.
Attractive Price point – The offering price reflects the existing business's profitability and potential for future growth while still being below replacement cost allowing for cash flow from day 1.
Ideal Lot Size/Layout – The property is positioned on 1.00 acre of land and has an ideal layout which allows for a high-volume site and future growth.
Site Positioning – Tsunami Car Wash is directly in front of a large residential development with multiple other neighborhood projects in the immediate area.
Market Growth – Horizon City's population has increased by 11.28% since 2020 with an annual growth rate of 2.07%. The city is undergoing a building boom, with plans for 8,000 new homes and an anticipated influx of 10,000 new residents over the next five years
Qualifies For Bonus Depreciation – Car washes qualify for bonus depreciation which can allow for much higher returns on investments and significant tax savings. *Please consult a CPA for further details
Property Facts
| Price | $1,600,000 | Building Class | C |
| Price Per SF | $313.73 | Lot Size | 1.07 AC |
| Sale Type | Investment | Building Size | 5,100 SF |
| Cap Rate | 12.50% | No. Stories | 1 |
| Property Type | Specialty | Year Built | 2016 |
| Property Subtype | Car Wash | Parking Ratio | 2.62/1,000 SF |
| Zoning | zz4 - Special Purpose | ||
| Price | $1,600,000 |
| Price Per SF | $313.73 |
| Sale Type | Investment |
| Cap Rate | 12.50% |
| Property Type | Specialty |
| Property Subtype | Car Wash |
| Building Class | C |
| Lot Size | 1.07 AC |
| Building Size | 5,100 SF |
| No. Stories | 1 |
| Year Built | 2016 |
| Parking Ratio | 2.62/1,000 SF |
| Zoning | zz4 - Special Purpose |
Amenities
- Signage
1 1
Fairly walkable
50/100
Very drivable
80/100
Somewhat bikeable
30/100
Property Taxes
| Parcel Number | E074-000-0020-0150 | Improvements Assessment | $789,980 |
| Land Assessment | $196,020 | Total Assessment | $986,000 |
Property Taxes
Parcel Number
E074-000-0020-0150
Land Assessment
$196,020
Improvements Assessment
$789,980
Total Assessment
$986,000
Contacts
-
Landon Carter -
Beryl Grant -
Clay Smith -
Matthews Real Estate Investment Services
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170 N Kenazo Ave - Tsunami Car Wash
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