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330 N Spur 63 - Whistle Express Car Wash 2,125 SF Specialty Building Offered at $3,647,200 at a 6% Cap Rate in Longview, TX 75601
INVESTMENT HIGHLIGHTS
- ABSOLUTE-NET LEASE | ZERO LANDLORD RESPONSIBILITIES: Corporate 20-Year Lease Requires Tenant To Cover All Operating, Capital, Roof & Structure Costs.
- 2020 CONSTRUCTION | 6,139 SF EXPRESS TUNNEL + VACUUM CANOPY: Modern Conveyor-Belt Design On A 2.09-Acre Parcel Built For High Through-Put.
- SPUR 63 MOBILITY CORRIDOR IMPROVEMENTS UNDERWAY: TXDOT Is Widening Spur 63/State Hwy 31, Adding Raised Medians $ Bike-Ped Upgrades To Ease Congestion.
- 2% ANNUAL RENT BUMPS BEGINNING 2029: Contractual Increases Every January Drive A 32% NOI Rise Over The Primary Term.
- CORPORATE GUARANTY: Lease Backed By Express Car Wash Operations, LLC — The Largest Express Car Wash Operator in the U.S.
- HEALTHY TRADE-AREA DEMOGRAPHICS: ± 47.6K Residents Within 3 Miles And 84.6K Within 5 Miles, With ~$70-72K Average Household Incomes.
PROPERTY FACTS
| Price | $3,647,200 | Lot Size | 0.89 AC |
| Price Per SF | $1,716.33 | Building Size | 2,125 SF |
| Sale Type | Investment | No. Stories | 1 |
| Cap Rate | 6% | Year Built | 2020 |
| Property Type | Specialty | Parking Ratio | 21.65/1,000 SF |
| Property Subtype | Car Wash | ||
| Zoning | C2 - Heavy Commercial | ||
| Price | $3,647,200 |
| Price Per SF | $1,716.33 |
| Sale Type | Investment |
| Cap Rate | 6% |
| Property Type | Specialty |
| Property Subtype | Car Wash |
| Lot Size | 0.89 AC |
| Building Size | 2,125 SF |
| No. Stories | 1 |
| Year Built | 2020 |
| Parking Ratio | 21.65/1,000 SF |
| Zoning | C2 - Heavy Commercial |
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PROPERTY TAXES
| Parcel Number | 32933 | Improvements Assessment | $1,007,490 |
| Land Assessment | $156,820 | Total Assessment | $1,164,310 |
PROPERTY TAXES
Parcel Number
32933
Land Assessment
$156,820
Improvements Assessment
$1,007,490
Total Assessment
$1,164,310
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330 N Spur 63 - Whistle Express Car Wash
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