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3751 Andrews Hwy 5,076 SF Specialty Building Offered at $6,260,000 at a 5.75% Cap Rate in Odessa, TX 79762
Investment Highlights
- 20-Year NNN Sale-Leaseback | Absolute NNN lease with zero landlord responsibilities. Features 10% rent increase every 5 years
- Strong Experienced Franchisee Guarantor | Franchisee Salim Development, LLC operates more than 25 locations and multiple concepts, 10 year guarantee
- Strong Demographics | Surrounded by a population of more than 123,000 residents within a 5-mile radius, supporting sustained customer traffic
- Fast Growing Tenant | Tommy's Express Car Wash has experienced significant growth, becoming the #1 fastest-growing brand
- Prime High-Traffic Location | Strategically positioned along Andrews Highway, one of the area’s most heavily traveled corridors with over 23,000 vpd
Executive Summary
Matysek Investment Group is pleased to present to qualified investors the opportunity to acquire a brand-new Tommy’s Express Car Wash on a full 20-year absolute NNN sale-leaseback with zero landlord responsibilities. The lease features 10% rental increases every five (5) years and four (4) five-year renewal options, providing investors with stable and growing long-term income.
The tenant, Tommy’s Express Car Wash, has experienced remarkable growth, recognized by Franchise Times as the #1 fastest-growing brand in its industry in 2023. The property is operated by Salim Development, LLC, an established and experienced multi-unit franchisee with over 25 locations across multiple concepts and a 10-year personal guarantee.
This property is strategically positioned along Andrews Highway, one of the area’s most heavily trafficked corridors with over 23,000 vehicles per day, ensuring strong visibility and accessibility. The site benefits from robust demographics, with more than 123,000 residents within a five-mile radius, supporting steady customer traffic and strong sales performance.
The tenant, Tommy’s Express Car Wash, has experienced remarkable growth, recognized by Franchise Times as the #1 fastest-growing brand in its industry in 2023. The property is operated by Salim Development, LLC, an established and experienced multi-unit franchisee with over 25 locations across multiple concepts and a 10-year personal guarantee.
This property is strategically positioned along Andrews Highway, one of the area’s most heavily trafficked corridors with over 23,000 vehicles per day, ensuring strong visibility and accessibility. The site benefits from robust demographics, with more than 123,000 residents within a five-mile radius, supporting steady customer traffic and strong sales performance.
Property Facts
| Price | $6,260,000 | Building Class | B |
| Price Per SF | $1,233.25 | Lot Size | 0.46 AC |
| Sale Type | Investment | Building Size | 5,076 SF |
| Cap Rate | 5.75% | No. Stories | 1 |
| Property Type | Specialty | Year Built | 2022 |
| Property Subtype | Car Wash | ||
| Zoning | LC | ||
| Price | $6,260,000 |
| Price Per SF | $1,233.25 |
| Sale Type | Investment |
| Cap Rate | 5.75% |
| Property Type | Specialty |
| Property Subtype | Car Wash |
| Building Class | B |
| Lot Size | 0.46 AC |
| Building Size | 5,076 SF |
| No. Stories | 1 |
| Year Built | 2022 |
| Zoning | LC |
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Walk Score®
Very Walkable (72)
Property Taxes
| Parcel Number | 21895-00700-00000 | Improvements Assessment | $735,124 |
| Land Assessment | $85,000 | Total Assessment | $820,124 |
Property Taxes
Parcel Number
21895-00700-00000
Land Assessment
$85,000
Improvements Assessment
$735,124
Total Assessment
$820,124
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3751 Andrews Hwy
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